Back in 2005, I did a short post on NACA (Neighborhood Assistance Corporation of America). And since that time I have received email after email of people desperately looking for someone to talk to after their horrible experience with the program. The comments on this post are just a fraction of the emails I have [...]
Just another yawner about the role Phil Angelides played in suppressing information during the bank “crisis”.
Paul Sperry writes…
“From the opening gavel, Angelides, a Pelosi crony appointed by the former speaker, declared ex-Countrywide Financial CEO Angelo Mozilo “off limits” in the investigation. He failed to call to testify
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“Racism” is the cross the left uses to silence critics. I wonder what can be used to stop folks who want to destabilize your entire economy?
You think it’s hard for po’ folks to get loans, just wait and see what happens when you chase banks out of your community.
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From the Washington Post:
“JEKYLL ISLAND, Ga. — After making their most significant monetary policy decision in quite a long time earlier this week, top officials of the Federal Reserve are now set to turn their attention to some big-picture questions about their institution: Where has it been? How did it get here? And where is [...]
If you really think that somehow the banks are somehow going to be nailed over these accusations of mishandled mortgage paperwork, you are dreaming. John Carney of MSNBC calls it.
“Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010” that will retroactively [...]
Just another rerun.
No down payment loans are back, baby!
New York
SUFFOLK COUNTY—Six Suffolk County residents have been arrested for creating fake pay stubs and federal W-2 forms to fraudulently obtain $5.9 million in fraudulent mortgages from Emigrant Mortgage Company, Wells Fargo Home Mortgage, National City Mortgage and other lenders. (more…)
Written in 2008 in the NY Times
“There has been plenty of talk about ‘predatory lending, [...]
and their cohorts.
“The request to keep the details secret were made by the New York Federal Reserve — a regulator that helped orchestrate the bailout — and by the giant insurer itself, according to the emails.
The emails from early last year reveal that officials at the New York Fed were only comfortable with AIG submitting [...]
The grumblings surrounding the fact that even in this current economic climate and the fact that we now have a Black president, business loans are not making it into the hands of Black folks are getting louder.
Even the senior vice president of the American Bankers Association (James Ballentine–a Black man for those who need to [...]
Obama to bank execs: You guys are like “overpaid pitchers on a team doing poorly.”
Obama to Fannie and Freddie: Here’s America’s debit card.
Ever notice how “fat cats” consist of only Bank of America, CitiBank, Goldman Sachs, etc. ?
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U.S. gave up billions in tax money in deal for Citigroup’s bailout repayment
No wonder Richard Parsons (seated in picture) of Citigroup didn’t bother making the trip to Obama’s so-called scolding.
Citibank Top Donor to Obama Inauguration
FOLLOW THE MONEY!
Related: “Even Without TARP, Banks Are Still Heavily Subsidized”
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Obama was right when he said “…the most important thing I can do for the African-American community is the same thing I can do for the American community, period…” In other words, Obama’s first obligation is to the American people as a whole, not to the Black community. Yet the Congressional Black Caucus continue to [...]
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