Displaying all posts for Jerry Goldberg

Retirees take brunt of cuts as judge approves Detroit bankruptcy

By November 11, 2014

The “plan of adjustment” to end Detroit’s Chapter 9 bankruptcy means that city worker retirees shoulder virtually the entire burden of cuts, while the city’s neighborhoods continue to deteriorate with worsening poverty, water shutoffs continue unabated, and public workers lose their jobs to privatization. Despite a valiant, ongoing mass struggle by a core grouping of […]


U.N. rapporteurs visit Detroit

By October 28, 2014
Protest at Detroit Water & Sewerage headquarters, June 6, 2014.WW photo: Kris Hamel

After a three-day fact-finding mission in the city of Detroit from Oct. 18-20, two U.N. Special Rapporteurs issued a scathing indictment of all levels of government for violations of international human rights in allowing massive water shut-offs to take place in the city of Detroit. The report by Catarina de Albuquerque, U.N. Special Rapporteur on the human right […]


Mortgage crisis continues

By May 22, 2014

A new report documents how millions of people across the U.S. continue to suffer the effects of the housing crisis that began around 2005. Published in early May by the Haas Institute for a Fair and Inclusive Society at the University of California, Berkeley, the detailed study is entitled “Underwater America: How the so-called housing […]


Detroit bankruptcy: WAR ON PENSIONS!

By July 24, 2013

City of Detroit Emergency Manager Kevyn Orr, the figurehead named by reactionary Michigan Gov. Rick Snyder to run Detroit and usurp its elected political officials, filed a Chapter 9 bankruptcy on July 18, the largest municipal bankruptcy filing in U.S. history. Orr claims that the city is unable to pay its approximately $20 billion in […]


S&P exposed for role in banks’ mortgage fraud

By February 15, 2013

A lawsuit was filed in federal court Feb. 4 by the U.S. Justice Department against Standard & Poor’s for massive fraud in its ratings of securities comprised of subprime, Alt-A and other exotic mortgages. Subprime mortgages are predatory loans with interest rates at least 3 percent higher than the standard rate, usually sold to people […]


Bancos rescatados, pero el pueblo vendido

By January 23, 2013

Dos acuerdos fueron anunciados el 7 de enero en acciones legales contra los grandes bancos por abusos en poner millones de hogares en ejecución hipotecaria en Estados Unidos. Pero ambos acuerdos ayudaron solamente a los bancos, no a los/as propietarios/as. En un acuerdo, la Oficina del Contralor de la Moneda (una agencia del Departamento del […]


Banks bailed out, people sold out

By January 14, 2013

Two settlements were announced Jan. 7 in ongoing legal actions against the major banks for abuses in placing millions of homes into foreclosure throughout the U.S. But both only help banks, not homeowners. In one settlement, the Office of the Controller of the Currency (an agency of the federal Treasury Department) and Federal Reserve, in […]


Foreclosure moratorium needed as Bank of America gets ongoing federal bailout

By August 29, 2012
Moratorium leader Vanessa Fluker speaks at Oct. 21 BOA protest in Detroit. WW photo: Kris Hamel

The nationalization of the U.S. mortgage industry by the federal government — a takeover implemented by the Democrats and Republicans to bail out Bank of America and other banks at the expense of homeowners and their communities — opens the door for activists to demand a reversal of these anti-people policies. The first step in […]