Tag Archives: Bankruptcy

Danny Schechter : The ‘Fraudclosure’ Backstory

Illustration by Matt Mahurin / The Washington Independent.U.S. workers in need of rescue:Report from the epicenter of ‘fraudclosures’ It’s dark as a dungeon way down in the mine… By Danny Schechter / The Rag Blog / October 25, 2010 WEST … finish reading Danny Schechter : The ‘Fraudclosure’ Backstory

Posted in Rag Bloggers | Tagged , , , , , | Leave a comment

US Financial Institutions: Corrupt to the Core?

This graphic shows Bank of America’s loans to directors, executives and other insiders since 2001. Graphic by David Puckett, Research by Stella Hopkins.Secrecy shrouds insider loansBy Stella M.Hopkins / March 23, 2009 Experts see potential conflicts of interest in banks’ … finish reading US Financial Institutions: Corrupt to the Core?

Posted in RagBlog | Tagged , , , | Leave a comment

Seattle P-I Becoming First Internet Only Newspaper

Roger Oglesby, right, of The Seattle Post-Intelligencer, announced the paper’s final print edition. Photo: Dan DeLong/Seattle Post-Intelligencer, via Associated Press.Seattle Paper Shifts Entirely to the WebBy William Yardley and Richard Pérez-Peña / March 16, 2009 SEATTLE — The Seattle Post-Intelligencer … finish reading Seattle P-I Becoming First Internet Only Newspaper

Posted in RagBlog | Tagged , , , | Leave a comment

Cole: Financial Trouble in the Newspaper Industry

The End of Newspapers? Or is there a Journalism School Model?By Juan Cole / March 1, 2009 You wonder if the last front page article in the last newspaper will be about the demise of the newspaper? I especially regret … finish reading Cole: Financial Trouble in the Newspaper Industry

Posted in RagBlog | Tagged , , | 1 Comment

Some Litttle-Known Financial Crisis Trivia

Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According to Kanjorski, this electronic transfer occured over … finish reading Some Litttle-Known Financial Crisis Trivia

Posted in RagBlog | Tagged , , , | Leave a comment

Acorn: Fighting the Banks to Counter Foreclosures

Jonathan Westin, an Acorn organizer, comforted Denise Parker, whose house was being foreclosed on, after she spoke at an Acorn training session in Brooklyn. Photo: James Estrin/The New York Times.A Bid to Link Arms Against EvictionBy Fernanda Santos / February … finish reading Acorn: Fighting the Banks to Counter Foreclosures

Posted in RagBlog | Tagged , , , | Leave a comment

FBI: ‘We Knew That the Mortgage-Brokerage Industry Was Corrupt.’

Bank repossession, foreclosure and for sale signs sit outside a foreclosed home in Houston. Two retired FBI officials asserted that the Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control, but … finish reading FBI: ‘We Knew That the Mortgage-Brokerage Industry Was Corrupt.’

Posted in RagBlog | Tagged , , , | 1 Comment

Pilgrim’s Pride and Tysons Benefit from Bailout

As our Friend and contributor, Diane Stirling-Stevens, says of this article, “Another bit of news that made me do “#$*&(#$&(*#$&(#*&$#”.” We couldn’t agree more. Big Ag is a significant economic and health issue, and we remain hopeful that the new … finish reading Pilgrim’s Pride and Tysons Benefit from Bailout

Posted in RagBlog | Tagged , , , | 2 Comments

Rogers: "We’re Going to Have a Lost Decade"

Jim Rogers calls most big U.S. banks “bankrupt”By Jonathan Stempel / December 11, 2008 NEW YORK – Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said … finish reading Rogers: "We’re Going to Have a Lost Decade"

Posted in RagBlog | Tagged , , , | 1 Comment

Foreclosure Chronicles : The Desperate Hours of Addie Polk

1918: Bathing suit parade, the year Addie Polk was born.1919: Race Riots in Chicago. 2008: Fannie Mae foreclosed on the home of Addie Polk; Annie Mae Polk put a gun to her chest.‘In 1970, Robert and Addie Polk bought a … finish reading Foreclosure Chronicles : The Desperate Hours of Addie Polk

Posted in RagBlog | Tagged , , , , , , | Leave a comment

Eschenbach: Solving the Subprime Crisis

Treating the disease, not the symptoms: a comparison of proposed solutions to the problems resulting from the bursting of the housing bubble.By Sid Eschenbach / The Rag Blog / November 16, 2008 There have been a variety of proposals for … finish reading Eschenbach: Solving the Subprime Crisis

Posted in RagBlog | Tagged , , , | Leave a comment

Freddie/Fannie Pay to Prevent Regulatory Reform

Mortgage firm arranged stealth campaignBy Pete Yost / October 20, 2008 WASHINGTON — Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, … finish reading Freddie/Fannie Pay to Prevent Regulatory Reform

Posted in RagBlog | Tagged , , , , | Leave a comment