Sunday, 22 August 2010
On the Way Down
By Thomas Schulz
Finley calls them "the new poor." "That is a different category of people that I think we're seeing," he says. "They are people who never in their wildest imaginations thought they would be homeless." They're people who had enough money -- a lot of money, in some cases -- until recently. Continue
By MARTIN CRUTSINGER
Many borrowers have complained that the government program is a bureaucratic nightmare. They say banks often lose their documents and then claim borrowers did not send back the necessary paperwork.Continue
Frozen in the Headlights
By Mike Whitney
As the stimulus runs out, unemployment will edge upwards, deleveraging and debt liquidation will gain momentum, and the economy will succumb to another vicious contraction. Continue
Chase Bank and Obama's "Make Home Affordable" Scam
By Ted Rall
would like to express my unvarnished admiration for the ruthless cynicism that led the executives at Chase Home Finance to conceive of a fake lending branch entirely dedicated to increasing foreclosures, improving their public image, and driving distressed homeowners crazy. Continue
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