Economic Malpractice and the Millennials from BillMoyers.com on Vimeo. The Millennials are the first generation of Americans who cannot count on doing better than their parents. On this week’s Moyers & Company, Bill Moyers talks with a Millennial who has dedicated herself to tackling these issues. In the same broadcast,…
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From NYT: After months of painstaking talks, government authorities and five of the nation’s biggest banks have agreed to a $26 billion settlement that could provide relief to nearly two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said. It…
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From The Nation: According to the State of Working America, in the forty-year period that preceded the civil rights reforms of the mid-1960s, the bottom 90 percent of Americans shared 73 percent of the income growth in the United States. Black Americans, who were suffering severe legal discrimination and a…
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From NYT: Mr. Gingrich has faced many questions recently about the more than $1.6 million in consulting fees he got from Freddie Mac since leaving Congress in 1999. But part of the relationship started years earlier, as records and interviews show that Mr. Gingrich, as House leader in the 1990s,…
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From the NYAG Office: Attorney General Eric T. Schneiderman today filed a lawsuit against several of the nation’s largest banks charging that the creation and use of a private national mortgage electronic registry system known as MERS has resulted in a wide range of deceptive and fraudulent foreclosure filings in…
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From DSNews: Obama’s proposal calls for early intervention by servicers to contact every homeowner who has demonstrated hardship or fallen behind on their payments, and provide them with a comprehensive set of options to avoid foreclosure. The president’s directive states that every distressed homeowner must be given “a reasonable time”…
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From The Nation: President Obama detailed his administration’s new housing plan in Virginia today, a little over a week after announcing it in his State of the Union address. The crux of the plan is providing help to underwater homeowners—which, in turn, could also boost the economy. The plan works…
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