Cites recent Supreme Court decision that gave cities right to sue lenders May 15, 2017 Ben Lane Earlier this month, the Supreme Court ruled that cities have the right to sue banks over discriminatory mortgage lending practices, but the ruling established a standard that might be tough for the city in question to prove. Now, …
Philadelphia sues Wells Fargo over discriminatory lending Read More »
Low-wage workers posed as bank presidents and signed bogus documents that kicked people out of their homes. Illustration by Dola Sun Flashback to May 2016. Inside the Abortive FBI Investigation of Illegal Foreclosure in Florida David Dayen May 31 2016, 4:30am The massive probe threatened to implicate the biggest banks in America, but sent just …
From Pulitzer Prize–winning journalist Jesse Eisinger, a blistering account of corporate greed and impunity, and the reckless, often anemic response from the Department of Justice. The release date for this book is scheduled July 11, 2017. Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit …
The ChickenShit Club aka The United States Department of Justice Read More »
The stringent capital controls adopted by Chinese authorities on Jan. 1, some of which were specifically designed to curb foreign real-estate purchases, appear to have had their desired effect. To wit: First-quarter property sales plummeted 58% to $4.3 billion, compared with a year earlier, Bloomberg reported, citing data from real-estate brokerage Cushman & Wakefield Inc. …
An Empty Lot, An Idle Backhoe And Pieces of Rubble": NYC Real-Estate Market Is Imploding Read More »
