Contracts for Deed Dominate Midwest LMI Housing Purchases

ACORN Citizen Wealth Financial Justice

New Orleans     Ann Carpenter works with the Federal Reserve Bank in Atlanta.  Her work in understanding the challenges and predation for lower income families trying to buy homes has been outstanding.  Almost exactly two years ago, the ACORN Home Savers Campaign met with her in a conference room at Georgia State University in an …

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For Banks the Party Never Stopped

Citizen Wealth Financial Justice Foreclosure Ideas and Issues

Houston        Seven years after the wheels started coming off the bank’s mad money train, it seems clear that settlements for mortgage abuse, which is euphemism for fraud, Dodd-Frank legislation, and what should have been the awesome weight of having collapsed the US and world economy and upended the lives of millions, have essentially been water …

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Making Earned Income Credits a Better Incentive for Work and Fair to the Childless

Citizen Wealth Financial Justice

Peterborough    In a recent op-ed in the Wall Street Journal, Princeton economist, author, and former Vice Chairman of the Federal Reserve Alan Blinder made a brilliant case for Congress to actually read Obama’s proposal and do more to make the Earned Income Tax Credit really increase citizen wealth and even, are you listening my …

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Good News: Wealth Up! Bad News: Not for You!

Citizen Wealth Financial Justice

Dallas  Figures released by the Federal Reserve indicate that citizen wealth by some indices is recovering almost to pre-recession levels.  According to the Wall Street Journal: The net worth of U.S. households and nonprofit organizations—the values of homes, stocks and other assets minus debts and other liabilities—rose 2.6%, or about $1.9 trillion, in the third …

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