New Orleans The New York Times zinged out a righteous editorial today to my shock and awe about the fact that something should mitigate the arbitrary and capricious power of banks to unilaterally determine whose business they will take and whose they will not take. In this case they were talking about the way …
Tag: banks
Making Banks Pay to Maintain Foreclosed Properties
New Orleans One disclosure after another leads the news disclosing the bad behavior of banks, servicers, and others in the foreclosure racket, but often to the victim it seems like little more than water hitting the rocks whose impact none of us will survive to see. In recent weeks close reading of major papers would …
Frontlines in Phoenix Foreclosureville
Phoenix A block away there was one sign still standing that said Holiday Gardens – “covenant restricted” — while the other was nothing but brick since the sign was long gone. A couple of blocks away an old neighborhood watch sign said this was Heatherbrae or some such neighborhood. Side by side both areas spoke …