Predatory Lending

How The Government Became A Predatory Lender

Wall Street Journal | Mark Maremont | Posted 07.21.2008 | Business

Read More: Fdic, Predatory Lending, FDIC Predatory Lending, Federal Deposit Insurance Corp, Superior Bank FSB, Banking Crisis, Lending Crisis, Failed Bank, Bank Bailout, Mortgage Crisis, Business News

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to bor...

Read Whole Story

Catching Predators is Good; Economic Justice is Better

Danny Schechter | Posted 06.23.2008 | Business

Read More: Economic Justice, Global Financial Crisis, Predatory Lending, Foreclosure, Fbi, Credit and Debt Complex, Mortgages, Business News

Consider the word, "predator." My online dictionary offers two meanings, one for the animal world and one for ours.

Read Post

It's Time to Reregulate Business

Hale "Bonddad" Stewart | Posted 03.28.2008 | Business

Read More: Economy, Greenspan and Mortgage Crisis, Subprime Lending, Faa, Lead Paint Toys, FAA Southwest Airlines, Faa Safety Inspections, Federal Reserve, Regulation, Beef Recall, Sub Prime Lending Crisis, Toy Recalls, Southwest Airlines, Predatory Lending, Regulators Subprime Wall Street, Cpsc, Southwest Airlines Fine, Edward Gramlich, FAA Safety, Consumer Product Safety Commission, American Airlines, Airline Industry, Product Safety, Lending Practices, Sheila C. Bair, Wall Street Regulators, JP Morgan, American Airlines Cancels Flights, Deregulation, Southwest Safety, Product Recalls, American Airlines Inspections, Food Recall, Alan Greenspan, Meat Recall, Airlines, Canceled American Airlines Flights, Business News

Between toys that might kill our children, a food safety system that isn't working, airlines that might be flying unsafe airplanes, and our entire financial system, it's clear something isn't working.

Read Post

The Bankers Panic of 2008

John Tepper Marlin | Posted 03.18.2008 | Business

Read More: Fdic, Bill of Rights, Sec, Predatory Lending, Bankers Panic, Mortgages, S&L, Derivatives, Credit Cards, Crash, Siv, Bush Economy, U.S. Economy, Economy, Sarbanes-Oxley Act, Business News

The Fed has responded with lower interest rates and bailouts of overstretched Wall Street firms. How should the Congress and the next president be responding?

Read Post

Large, Sunny Crucifix for Rent

Jayne Lyn Stahl | Posted 03.14.2008 | Politics

Read More: Eliot Spitzer Resignation, Eliot Spitzer, Washington Post, Don Siegelman, Predatory Lending, Politics News

As to by whom and why Spitzer was crucified, we need to look to the fall of another Democratic governor, Don Siegelman of Alabama, who now sits in a federal prison camp after being convicted of accepting a bribe.

Read Post

More with Less

Max Fraad Wolff | Posted 02.28.2008 | Business

Read More: Recession 2008, Housing Market, Predatory Lending, Subprime Mortgage Crisis, Housing Crisis, Recession Fears, Recession, Business News

The same market forces that inflated the bubble -- an income starved middle class, a belief in asset inflation and get rich quick schemes fused with easy credit and lax regulation -- are deflating it now.

Read Post

Banks Change Their Tune

John Tepper Marlin | Posted 02.25.2008 | Business

Read More: Fed, Mortgage Bankers Association, Sec, Predatory Lending, Freddie Mac, Financial Rescue, Banks, Fannie Mae, Holc, U.S. Conference of Mayors, Fdic, Business News

Banks have moved from a hands-off attitude toward regulation to a plea for Congress to lend a hand.

Read Post

Legal Help in the Subprime Crisis

Rebekah Diller | Posted 01.09.2008 | Business

Read More: Anti-Predatory Lending Laws, Lawyers Fees, Subprime Mortgages, Predatory Lending, Subprime Lending, Decline of Legal Aid, Subprime Mortgage Crisis, Subprime Bailout, Legal Aid, Business News

The shortage of lawyers to help families facing foreclosure is just part of a widespread shortage of legal help for families of modest means.

Read Post

Subprime Lenders Could Have Learned a Thing or Two From New York

Arva Rice | Posted 12.12.2007 | Business

Read More: Predatory Lending, Subprime Lending, How to Solve the Subprime Crisis, Subprime Mortgage Crisis, Bush Interest Rates, Freeze Interest Rates, Subprime Bailout, Foreclosure, Business News

Subprime lending institutions targeted low income people by selling them the promise of the American Dream, complete with a house and white picket fence. Yet, it pulled the rug out from under them.

Read Post

The Credit Crisis Is Becoming A Political Battleground

Danny Schechter | Posted 12.03.2007 | Business

Read More: Predatory Lending, Hank Paulson, Robert Manning, March on Wall St, Jesse Jackson, Credit Crisis, Credit Cards, Credit Card Debt, Credit Crunch, Credit Market Weakness, Motley Fool, Seth Jayson, Business News

In order for the economy to function, for consumption to continue and profits to keep flowing, people have to believe that everything's all right. They want remedies modeled after Alka Seltzer. Put one tablet in water. It fizzes. You drink and feel better in minutes.

Read Post

Satire Site Exposes Payday Lenders

Paul Abrams | Posted 11.14.2007 | Media

Read More: Military Loans, Payday Loan Issue, Payday Loans, 2007 Defense Authorization Bill, Predatory Lending, Racial Profiling, Military Base Finder, Apr, Media News

Three technology entrepreneurs just launched a satire site exposing the payday loan industry that combines cutting edge technology, very deep coverage of the payday loan issue, and dark humor.

Read Post