What Happened to All Those Foreclosed Houses?

What Happened to All Those Foreclosed Houses?

We know that millions of American families lost their homes after Wall Street’s 2007 financial crash. But where did all those houses go? It turns out that Wall Streeters themselves formed profiteering investment groups that rushed out to scoop up tens of...
Citigroup’s $7 Billion Wrist Slap

Citigroup’s $7 Billion Wrist Slap

When Citigroup accepted what the media hailed as a whopping $7 billion penalty for defrauding its own investors and wrecking our economy, the bank just shrugged. “We believe that this settlement is in the best interest of our shareholders and allows us to move...
Don’t Fence Me In

Don’t Fence Me In

No job now, Provides the pay, To let me find, A place to stay. Many folks with big incomes are responding to the tensions of America’s growing economic inequality by moving into gated communities. This isn’t new, just growing more common. Ten percent of us...
Apparently, Suite Crime Does Pay

Apparently, Suite Crime Does Pay

What should we, as a society, do with all those reckless financial industry execs who helped trigger the Great Recession and the tidal wave of foreclosures? Should we put these power suits behind bars? Or should we forgive and forget, and lavish down upon them...
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