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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 … Continue reading
Posted in Rag Bloggers
Tagged Banking, Bankruptcy, Corporate Corruption, Danny Schechter, Economic Crisis, Finance
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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’ … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Bankruptcy, Financial Crisis, U.S. Government
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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 … Continue reading
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 … Continue reading
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 $550 billion dollars.” According to Kanjorski, this electronic transfer occured over … Continue reading
Acorn: Fighting the Banks to Counter Foreclosures
Jonathan Westin, an Acorn organizer, comforted Denise Parker, whose house was being foreclosed on, after she spoke at an Acorn training session in Brooklyn. Photo: James Estrin/The New York Times.A Bid to Link Arms Against EvictionBy Fernanda Santos / February … Continue reading
FBI: ‘We Knew That the Mortgage-Brokerage Industry Was Corrupt.’
Bank repossession, foreclosure and for sale signs sit outside a foreclosed home in Houston. Two retired FBI officials asserted that the Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control, but … Continue reading
Pilgrim’s Pride and Tysons Benefit from Bailout
As our Friend and contributor, Diane Stirling-Stevens, says of this article, “Another bit of news that made me do “#$*&(#$&(*#$&(#*&$#”.” We couldn’t agree more. Big Ag is a significant economic and health issue, and we remain hopeful that the new … Continue reading
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 … Continue reading
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 … Continue reading
Posted in RagBlog
Tagged African-American, American History, Bankruptcy, Capitalism, Economic Crisis, Foreclosures, Housing Crisis
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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 … Continue reading
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, … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Bankruptcy, Congress, Lobbyists, Republican Party
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