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Why all the robo-signing?
January 24, 2012
The Wall Street Journal reported on Jan. 19 that the Obama administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal. The settlement would let Wall Street bankers off the hook for crimes that would land the rest of us in jail.
Foreclosure victory as homeowners pack courtroom
October 4, 2011
It’s become standard procedure for real estate companies and their eviction attorneys to “move quickly to take the homes from these homeowners, harassing and scaring them, using guerrilla tactics like threatening to get the sheriff to remove them in four hours. But if we all stay together,” Delia Aguilar, an organizer with the Bay Area Moratorium (BAM), said, “we can defeat them and keep our homes.”
Shock therapy for Wall Street: JPMorgan suspends 56,000 foreclosures; GMAC and BoA many more
October 2, 2010
The original owner of the home is sitting in the catbird seat and doesn’t know it. Millions of people who THINK they have lost their homes still own them. If we the people pick up the tab for more Wall Street bankruptcies, we should insist on owning the banks.
Ethics case: Debro reveals probe's motives, Waters fights back with the facts
August 14, 2010
Congresswoman Maxine Waters conducts her drug war from the top down. Her view is to follow the money. Our government wages drug war on street vendors. The government’s view is to lock up as many young Blacks as is possible.
Time for a U.S. revolution: 15 reasons
March 7, 2010
It is time for a revolution. Government does not work for regular people. It appears to work quite well for big corporations, banks, insurance companies, military contractors, lobbyists, and for the rich and powerful. But it does not work for people.
Oakland declares 120-day delay in utility shut-offs
December 24, 2008
There have been over 4,000 home foreclosures in Oakland since early 2007 and home foreclosures are currently the leading cause of evictions.
The nationalization of Banco de Venezuela
August 2, 2008
Banco de Venezuela is one of the most important banks in Venezuela, with a 12 percent share of the market in loans and obtained profits of US$170 million in the first half of 2008, a 29 percent increase on 2007, when its profits had already increased by 20 percent. It has 285 offices and 3 million customers. Banco de Venezuela was nationalized in 1994 after a massive banking crisis which bankrupted 60 percent of the banking sector, only to be privatized in 1996 and bought by the Spanish multinational banking group Grupo Santander for only US$300 million. In only nine months Grupo Santander recovered its original investment.
