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Homes as Assets and Wealth
New Orleans The New York Times ran the article on the front page announcing that the “era” is over when a family in the United States could reliably expect their personal residences to appreciate and...
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Wells Fargo Attacking Home Ownership
New Orleans In the depths of the Great Recession it is still shocking to see how oblivious and irresponsible Wells Fargo manages to be every time we turn our heads they seem to be competing with Bank...
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Responding to Public Cutbacks: UK-Uncut
New Orleans With every headline at every level of government talking about severe cutbacks, a loss of over 1 million American public sector jobs already, and given the depth of the Great Recession...
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Poverty Meltdown Crushing Families in Record Numbers
New Orleans You can’t put lipstick on this pig. There is no way to spin the Census Bureau numbers as anything but tragic or keep the phrases “lost decade” or “lost generation” out of the story of the...
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Lessons from Wall Street Crash: Greed is not Good, but it is Pervasive!
New Orleans In the small shelf of books I have on the ways and means of the Great Recession, how the crash came to occur, and what it means for the future, there is a 360 degree circle of finger...
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Quiet Horror of Condo Associations in Housing Collapse
Condos for Rent Toronto I’m not saying that everyone is asleep at the switch on what is happening in condos in the housing crises of the Great Recession, but I think we can all agree that the issue...
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Cultural Shift: The Media Suddenly Rediscovers Poverty
New Orleans I swear there’s a shift suddenly in the recognition that poverty is a big freaking problem. Everywhere I turn in recent days commentators, columnists and reporters feel obligated to at...
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The Destruction of Citizen Wealth
New Orleans It is hard to miss the markers of the precipitous slide of US citizen wealth flowing from the Great Recession. New figures from the Census Bureau indicate another dive for the 4th...
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Community Reinvestment for Non-Bank Financial Institutions
New Orleans A conundrum becomes a contradiction when we look at regulators concerns about the size and operations of huge, non-bank financial institutions that were such a sizeable factor in...
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Another Billion in Subprime Losses for Wells Fargo and Ocwen
New Orleans A billion here, a billion there, and the next thing you know, you’re talking about real money. This is another line on the headstone of the subprime mortgage industry that was such a key...
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Phil Gramm, Architect of Sequester and Recession, Looks for Someone Else to...
New Orleans Phil Gramm, the former Texas Senator and head of the Senate Banking Committee from 1995-2000, wrote a “pin the tail on the donkey” piece in the Wall Street Journal trying to find someone...
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New Banking Regulations, Who Needs ‘Em?
New Orleans Someone having folks over to the White House for cokes and coffee with the President doesn’t seem like much of a visit to the woodshed, but, hey, I guess a fella has to do something to...
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