iiiiiiiiiiiiiiie!
(AP)By boycotting a key House committee vote last week and threatening to abandon support for banking regulations, members of the Congressional Black Caucus got $4 billion added to a Wall Street regulation bill and $2 billion to a proposed House jobs bill in spending they sought for African American communities.
House Financial Services Committee Chairman Barney [...]
Crooks who take advantage of desperate people and desperate people who do not take the time to read.
(propublica.org) “Real estate professionals and mortgage brokers are the driving force behind the boom. Indeed, some of the same brokers who stoked the housing boom are now making their living off homeowners stuck in the sort of [...]
While doing some research for another post, I came across this great find this morning.
The Color of Money
It is the entire 1989 Pulitzer Prize investigative series on how banks in Atlanta were called out by the Black community for “redlining” and how community activists, Black preachers, residents, local media, etc. pressured these banks to issue [...]
The American government is into offshore drilling again—in Brazil!
YOU are committing $2 billion towards it.
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Let’s Hope China Forecloses On U.S. (Forbes)
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Another “‘bad’ treatment of animals is equal to slavery/holocaust” comparison. Courtesy of Nia Long. “When I became a mother, I started to really understand the importance of all living creatures in a way that [...]
I have been following Propublica.org since the first “stimulus” bill earlier this year. When it comes to tracking how our government is spending/wasting money, they are doing a yeoman’s job. Below are quick bites from recent posts on that site. Bookmark ‘em.
“With the $700 billion TARP to focus on, it can be easy to forget [...]
The following excerpts are from propublica.org~
The near collapse of the financial system and the massive government bailout [1] were just bumps in the road for Wall Street, it turns out, and notwithstanding public ire, the big banks are on pace this year to pay their employees at pre-crisis levels, The Washington Post reports [2].
“So far [...]
…and you get to play any member of the Evans family.
In an apparent massive land grab move described as “help” from the government, Obama is “mulling” over a plan that could make homeowners who are behind in mortgage payments, renters.
NEW YORK, July 14 (Reuters) – U.S. government officials are weighing a plan that would let [...]
From abcnews.com
“Hours before his first trip to sub-Saharan Africa as president, President Obama delivered some tough love to African leaders, urging them to get their houses in order so they can better provide for their citizens.
In a meeting this morning with the leaders of Egypt, Algeria, Senegal, Nigeria, Libya and Ethiopia, Obama spoke about his [...]
“An Orlando bank called Urban Trust Bank and owned these past three years by Black Entertainment Television (BET) founder and billionaire Robert Johnson is coming to the Tampa Bay area. The bank, which already operates branches in Walmart stores, is buying seven of the giant chain’s in-store bank branches from Atlanta-based SunTrust Banks. They include [...]
From huliq.com
Since this whole mess began, evidence has shown up time and time again that large scale mortgage mods don’t work particularly well. Operation Hope for Homeowners has helped 700 homeowners since its October inception, instead of the advertised 400,000, and the re-default rate on mortgage modifications is pretty discouraging. According to the OCC, for [...]
The Mavelettes sing “My Daddy Knows Best”
From wsj.com
For those who depend on taking out a loan in advance of a paycheck, life may soon get harder if Congress passes the Payday Loan Reform Act.
The bill’s sponsors, which include Rep. Luis Gutierrez (D., Ill.), say they want to clean up abuse in credit markets by clamping [...]
More in middle class using payday lenders
Unless you have been in the situation where you needed the service of your local payday loan center, it is ridiculous to make the argument about how these operations are doing more harm than good.
Here in California, all the information about your loan is posted in big letters [...]
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