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August 9, 2016

"Poorer Than Your Parents?" New Study Shows 81% Of Americans Worse Off Than In 2005

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http://www.mckinsey.com/global-themes/employment-and-growth/poorer-than-their-parents-a-new-perspective-on-income-inequality http://www.zerohedge.com/news/2016-08-08/poorer-your-parents-new-study-shows-81-americans-worse-2005   The McKinsey study Poorer than Their Parents? offers a new perspective on income inequality over the period 2005-2014. Based on market income from wages and capital, the study shows 81% of US citizens are worse off now than a decade ago. In France the figure is 63%, Italy 97%, and Sweden 20%. …

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Salon: Sorry you lost your home- Americans deserve more than an apology for the foreclosure fraud epidemic

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http://www.salon.com/2016/08/09/sorry-you-lost-your-home-americans-deserve-more-than-an-apology-for-the-foreclosure-fraud-epidemic/   “I lost my home of 30 years to fraudclosure.” “I have been fighting this bank for over five years now. I am finally losing everything to their fraud.” “We feel captive in our own home.”   This is a sampling of what I have awakened to practically every day for the past few …

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Forbes: Fannie, Freddie Could Need as Much as $126 Billion in Crisis

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  Fannie and Freddie have reportedly been cash-cows for the federal government who have allegedly held the quasi-governmental guarantors hostage during eight-years of government receivership.   Fannie and Freddie have returned to the Treasury over $60 billion more than they received in the bailout. But the amount they owe to the government remains outstanding.  It is …

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