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The Atlantic

The Atlantic: Mnuchin's Bank Was Reprimanded by the Same Department He May Lead

6 Comments / foreclosure / By

Documents show that state prosecutors and Treasury Department regulators believed Steve Mnuchin’s bank was mishandling foreclosures at the height of the financial crisis.   Alexia Fernández Campbell In 2011, at the peak of the housing crisis, regulators for the Treasury Department ordered Steve Mnuchin and directors at OneWest Bank in California to fix the bank’s …

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David Dayen: Obama Failed to Mitigate America's Foreclosure Crisis

8 Comments / foreclosure / By

The country’s first black president contributed to a significant disintegration of wealth for people of color.  By David Dayen https://www.theatlantic.com/politics/archive/2016/12/obamas-failure-to-mitigate-americas-foreclosure-crisis/510485/   In My President Was Black, Ta-Nehisi Coates ably documents the material and representational advances of the past eight years. But any rendering of Barack Obama’s legacy is incomplete without including his failure to arrest …

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"The Prosperity Gospel": Pastors Took Bribes From Mortgage Originators — $350 per subprime mortgage

17 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

And probably people “of the cloth” from all denominations. We are a nation of faith. Jesus angrily drove the money lenders out of the temple. How can we stand by and allow the borrowers to be driven out of their homes? The fact is most of these victims were hunted down like a foxhunt, with …

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