The federal government’s case against banks for duplicitous and potentially illegal mortgage practices may be reaching an unsatisfactory final settlement even as one of the largest perpetrators of foreclosure fraud takes outrageous steps to block further investigation into their actions at the height of the housing crisis. Tens of millions of homeowners remain “underwater,” owing [...]
House padlocked? Pet bird kidnapped? Threatening letters arriving in the mail for no apparent reason? Be careful, because America’s biggest bank is also its biggest perpetrator of fraudulent foreclosures, and it may be coming after you… Bank of America, already neck-deep in litigation and fallout from rampant fraud and mistakes relating to its booming post-recession foreclosure business, has another [...]
We reported in yesterday’s headlines on Verizon’s plans to levy a brand new $2 fee on customers that pay their bill with a credit card online or over the phone. This charge would have affected nearly all of the customers served by America’s largest wireless company. Once the news went public, Verizon customers and consumer [...]
“MAKING EVIL ACTS SEEM ENTERTAINING.” (Black Agenda Report) This is Margaret Kimberley’s view of the “mission accomplished” Veterans Day appearance by President Obama on the U.S.S. Vinson, the ship used to carry the body of Osama bin Laden to its summary burial at sea. His appearance coincides with the news that several NCAA basketball games [...]
Widespread outrage met Bank of America’s recent decision to begin charging fees for customers to use their debit cards, and the nation’s largest bank eventually reversed course and scrapped the $5 charge. But if you think that was the extent of the bank’s venture into controversial fees, you would be wrong. While not as broad [...]
ROBERT REICH: THE ANCIENT CRADLE OF DEMOCRACY CRAFTS A VERY DEMOCRATIC RESPONSE TO PRESSURES FOR AUSTERITY. VOTERS IN THE UNITED STATES, TAKE NOTICE… (Robert Reich) Greece stunned all of Europe and the rest of the world when embattled Prime Minister George Papandreou delivered the shocking news that Greece would not digest the “bailout” plan put [...]
From the series of protests that have sprung up under the “Occupy Wall Street” banner to lawmakers calling for a “millionaires’ tax,” America is experiencing a rise in populist anger and resentment towards Wall Street, corporations, and the one percent of the country that makes up the “super-rich.” While there is no single target of [...]
HUMAN RIGHTS WATCH WATCHES THE HUMAN TRAFFICKING OF MIGRANT LABORERS IN BAGHDAD’S GREEN ZONE. (IPS News) Desperate Ukrainian and Bulgarian workers, in January of this year, were lured with promises of good wages to construction work on villas in the elite zone. Never paid what they were promised, they became totally destitute when the construction [...]
Influencing political figures is nothing new for the menagerie of businesses that make up what we now call “Corporate America.” From elected lawmakers to more obscure government officials to those men and women that, as candidates, candidates seeking to become something in our democracy — from a county clerk on up to President of the [...]
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