Keyword: banking
City may pull accounts from Wells Fargo for foreclosure abuses
Foreclosure abuses In light of increasing reports of foreclosure abuses, the city government of Berkeley, California is considering pulling their $350 million out of all of their Wells Fargo accounts in exchange for a financial institution they deem less abusive and more consumer-friendly, according to the Oakland Tribune. This week, the Berkeley City Council voted unanimously to begin the discovery ...
Economic history repeating itself – today vs. Black Tuesday in 1929
Repeating economic history “History repeats itself, first as tragedy, second as farce,” said Karl Marx. “It is not worthwhile to try to keep history from repeating itself, for man’s character will always make the preventing of the repetitions impossible,” wrote Mark Twain. “History repeats itself because no one was listening the first time,” is a keen quote that is not ...
New York group performs exorcism on Chase bank, the “evil empire”
A New York Communities for Change study points to failed HAMP results and claims JP Morgan Chase has refused to modify loans responsibly. “Affordable, permanent, transparent, and timely mortgage modifications using principle reduction are necessary to protect New York families, communities and economies.” As a result, Churches United to Save and Heal (CUSH, a New York coalition of dozens of ...
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Obama and Bankers Meet Today, Bankers Give Good Lip Service
Meeting at the White House After a 60 Minutes interview with President Obama in which he referred to bankers as “fat cats” that he would take to task in his scheduled meeting at the White House today, three bankers skipped out on the affair. The point of the meeting was for the Administration to remind the banking industry that they ...
Six Banks Fall in Just One Day as FDIC Seizes 130th Bank of 2009
Rough year for banks We all know it’s been a tough year for the economy and the falling dominoes of banks is just one of the scars America has to prove it. On Friday, the FDIC closed six more banks, bringing the total to 130 in 2009 alone. The recent closings weren’t international banks or big conglomerates, rather the most ...
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
