“Inside Job” Director Charles Ferguson: Wall Street Has Turned the U.S. Into a “Predatory Nation” (VIDEO)
DemocracyNow.org – Two years after directing the Academy Award-winning documentary, “Inside Job,” filmmaker Charles Ferguson returns with a new book, “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.” Ferguson explores why no top financial executives have been jailed for their role in the nation’s worst economic crisis since the Great Depression. We … Read more
Bank of America Tries Turning Fraudclosed Homeowners Into Renters
BofA tries turning distressed homeowners into renters Bank of America is testing a mortgage-to-lease program in four states. The idea: Instead of evicting homeowners who face foreclosure, it lets them stay as tenants and sells the homes to investors (for pennies on the dollar). Unable to qualify for modifications on Bank of America mortgages, a … Read more
JPMorgan Chase & Utah Sen Mike Lee’s Short Sale: It’s Hypocritical – But Is It Corrupt?
“Let’s see: A troubled bank gives a sitting member of the United States Senate an advantageous deal worth hundreds of thousands of dollars? You’d think a story like that would get a little more attention than it has so far.” ~ JPMorgan Chase & the Senator’s Short Sale: It’s Hypocritical – But Is It Corrupt? … Read more
Citigroup Kills Panel Overseeing Toxic-Asset Division
The Market Ticker | Oh Citibank? What’s The Price Is that laced with lead, arsenic, cyanide or polonium? Citigroup Inc. (C), the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board committee created during the credit crisis to police the disposal of toxic and unwanted assets. About $200 billion … Read more
