Now we know the truth. The financial meltdown wasn't a mistake – it was a con: The global financial crisis, it is now clear, was caused not just by the bankers' colossal mismanagement. No, it was due also to the new financial complexity offering up the opportunity for widespread, systemic fraud Major lender signals surge in local foreclosures: Bank of America, the nation's largest mortgage lender, ramped up its foreclosure activity in March, sending hundreds of letters warning delinquent borrowers in the region that it could sell their homes at auction in as little as three weeks, according to North County Times analysis of data from ForeclosureRadar. California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance Foreclosures up 33% in new jersey, OUTPACING national rate: Foreclosure filings in New Jersey rose 33 percent in the first quarter of 2010, compared with the same period in 2009, according to RealtyTrac, a California company that follows the foreclosure market. Nationally, foreclosure filings were up 16 percent in the same time span.
Monday, 19 April 2010
Outsourcing the American Economy
By Paul Craig Roberts
In effect, the US is giving away its technology, which is rapidly being captured, while US firms reduce themselves to a brand name with a sales force. Continue
By Matthew Rothschild
Make no mistake about it: The court’s ruling in Citizens United, if left to stand, will destroy whatever hope we may ever have had of democracy in this country. It will entrench corporate power as never before. And the promise of America will be dashed. Continue
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