Portside

According to reports from a new Bank of America whistle-blower, BoA is seeking to avoid providing required payments to homeowners to compensate for an initial round of illegal practices by selling off the servicing rights to fly-by-night organizations that specialize in abusing customers.

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure.

Five years after Wall Street crashed the economy, not one banker has been prosecuted for the reckless and fraudulent practices that cost millions of Americans their jobs, threw our cities and schools into crisis, and left families and communities ravaged by a foreclosure crisis and epidemic of underwater mortgages.

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix.

Conspiracy theorists of the world, we skeptics owe you an apology. You were right. A series of related corruption stories spilling out of the financial sector, suggests the world's largest banks may be fixing the prices of, well, just about everything. Moreover, it's increasingly clear that both the criminal justice system and the civil courts may be impotent to stop them, even when they do get caught working together to game the system.

You don't have to look far to see the connection between workplace and housing struggles. People lose their homes or get evicted from rentals because of unemployment, underemployment, low wages, or health care bills. Organizing works: activists consistently force the banks and mortgage lenders to back off specific homes.