Displaying all posts for Jerry Goldberg

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 […]

 
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