Persistent housing segregation lies at the root of many of our society’s problems. Trump wants to make it worse. This was not a peculiar Southern obsession, but consistent nationwide. In many hundreds of instances nationwide, mob violence....
The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
The question at the heart of public banking may seem technical but is actually about political power. Public banking shifts power away from profit-motivated board members of corporate banks and into the hands of the people.
Student Loans | Patriot Act with Hasan Minhaj. 39TH Razzie Awards Announcement! Racism in the Michael Cohen Hearing? A New Algorithm Decodes Rat Squeaks. Native Son | Movie.
With Americans' student debt now over $1.5 trillion, private financial companies have benefited from Secretary of Education Betsy DeVos' hands-off regulation that has made it easy for students to become trapped in debt
Puerto Rico was already in trouble after suffering a “lost decade” without economic growth after 2005, leading to a default on its public debt and mass migration from the island. That was before Hurricane Maria.
By 1871, Congress had authorized the bank to provide mortgages and business loans. Such mortgages and loans, however, were usually given to whites, creating a financial paradox -— a bank using the savings and income of black depositors to advance the economic fortunes of whites who had at their disposal mainstream banks that excluded blacks.
Last week, Americans woke up to news of yet another mass breach of their personal data. The consumer credit reporting agency Equifax revealed that as many as 143 million Americans’ Social Security numbers, dates of birth, names and addresses may have been stolen from its files — just the kind of information that allows for identity theft and other cybercrimes.
The foreclosure crisis is alive and well, aided and abetted by house flipping. A legal loophole allows flippers in areas where the house market has rebounded to push troubled homeowners out of their houses.
Lesson No. 1: Don’t trust bank stress-test results.
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