The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
subprime loans
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Wells Fargo Whistleblower: "They Are All Riding the Stagecoach to Hell"
Despite all of the fines paid to the Consumer Financial Protection Bureau, Wells Fargo continues to deny any allegations of wrongdoing. Now a former employee is disputing that claim.
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Standard & Poor Fined Paltry $1.4 Billion for Inflating Ratings On Subprime Mortgages
The ratings giant has settled with the Justice Department two years after it filed civil fraud charges accusing the company of giving overly rosy assessments on risky mortgage securities in the lead up to the financial crisis.
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America's Criminal Financiers: Still Unjailed and More Bloated Than Ever
Because of the Obama administration’s soft on crime approach to the bankers who became rich packaging fraudulent mortgages, the industry is still a cesspool of excess and greed.
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Still Not Guilty, Citigroup Pays $7 Billion to Settle Sub-Prime Mortgage Crimes
Agreement comes after Justice Department warned it would sue banking giant over sales of risky sub-prime mortgages.
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Threatening Eminent Domain, New York City Coalition Challenges Wall Street Over Foreclosures
Politicians and activists want the city to wrest underwater mortgages from obstructionist investors and lenders and reset them at current market values – much like the strategy employed in Richmond, Calif.
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Global Power Project, Part 5: Banking on Influence With Goldman Sachs
We examined a total of 83 individuals at Goldman Sachs, including executives, members of the board of directors and several advisory boards, to uncover their connections within some of the world's powerful institutions.
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The Fix Is In: Obama Did It for the Money
The love fest between Barack Obama and his top fundraiser Penny Pritzker that has led to her being nominated as Commerce secretary would not be so unseemly if they both just confessed that they did it for the money.
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Obama Picks Billionaire Tax Evader to Lead Commerce Department
Hyatt heiress Penny Pritzker, Obama's choice for Commerce Secretary, avoids paying taxes through offshore accounts and formerly ran a bank that pioneered predatory high-interest subprime loans.
