Did Foreclosure Bailout Funds mean Career for some Top Advisors and Officials?
Wednesday, January 13
The question is making the rounds that did foreclosure bailout funds mean profits and career for some top advisors and officials? Neel Kashkari is one of the stars of the foreclosure crisis – termed as one of the sexiest men of the world. This investment banker, hopped from Goldman Sachs to beco...
Foreclosures leave Behind a Trail of Devastation in Cape Coral
Tuesday, January 12
Foreclosures are leaving behind a trail of devastation – a feast for the eyes of tourists and future investors. Prices are tumbling and people are not waiting to pick up bargains. But before that a lot of clearing up has to be done. Kristy Clifton is the youngest in the code enforcement team. S...
Criticisms are being Leveled against Foreclosure Prevention Programmes
Monday, January 11
Criticism is growing leveled against foreclosure prevention programmes for leaning more towards Wall Street rather than Main Street. The suggestion being forwarded is that non-profit bodies certified by HUD would be able to expedite modifications. HomeFree-USA has been one of such organizations ...
National Banks played Hide with State and Federal Laws to escape Regulations
Sunday, January 10
The national banks played hide and seek with state and federal laws to escape regulations. They transgress state statutes and then avoid investigation and disciplinary action. The most blatant example was that of Wells Fargo Financial Illinois switching its charter to come under the supervision ...
Victory for ACORN Spells Hope for Many Foreclosure Victims
Tuesday, December 29
Victory for ACORN is spelling hope for many Afro-Asian foreclosure victims. A legal suit had been initiated by Center for Constitutional Rights. Recently Federal Judge Nina Gershon gave the ruling that last September Congress had gone against the constitution by cutting off federal funds due to ...
Regional Banks in Connecticut are Failing to Step Up Lending
Monday, December 28
In Connecticut the majority of the community banks tided over the economic crisis during 2008 and has stepped up their lending. But the regional banks have not fared too well. In the third week of December President Obama criticized the banking lobby for failing to deliver the goods even after p...