By Orson Aguilar
A new compromise from foundations might be cause for some optimism.
The everyday challenges faced by the people in many neighborhoods seem far removed from the American Dream these days: the lack of good housing and jobs, poor health, immigration raids, the foreclosure crisis, failing schools and all-too-common homicides. Continue reading “Philanthropy’s Race Problem”
By Matthew Vadum
Businesses that politicians deem vital to the national interest aren’t being allowed to fail in America today, and the bigger they are, the more help they get from the government. So it’s not much of a surprise that the fine points of yet another bailout package are being worked out behind closed doors, this time for Citigroup. Continue reading “Liberalism Never Sleeps”
by Scott Sabatini
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Earlier this summer, Countrywide Financial’s most famous troubled customer received an altruistic bailout that saved his home. Now months later, despite attention from the highest levels of government, hundreds of thousands of anxious homeowners are still waiting for their reprieve. Continue reading “Foreclosure Freeze Movement Takes on Wall Street”
BY SCOTT SABATINI
WASHINGTON (Legal Newsline)-Beleaguered homeowners received a powerful boost when President-elect Barack Obama said confronting the housing crisis will be one of his first orders of business upon taking office in January. Continue reading “Obama Moves Foreclosure Crisis Center Stage”
By Karen Gullo and David Scheer
Nov. 20 (Bloomberg) — U.S. prosecutors and the Securities and Exchange Commission are investigating Wachovia Corp.’s mortgage lending and disclosures to investors, U.S. Attorney Joseph Russoniello said. Continue reading “Wachovia, Golden West Investigated by Prosecutors, Regulators”
BY SCOTT SABATINI
Oakland, Calif. (Legal Newsline) – Just a month ago, when the terms of the largest settlement in home mortgage history were announced, many hailed the settlement as the first significant step to providing needed relief to homeowners buried in rising interest rates and declining property value. Continue reading “Countrywide Settlement May Favor Wall Street Over Main Street”
The Wall Street Journal
Your post-election day editorial attack on community organizers (“The Latest Charity Shakedown,” Nov. 5 – See Below) is inconsistent with the Journal’s recent strong support for transparency and scrutiny of the Wall Street firms that have helped cause the economic meltdown. Continue reading “We Are Trying to Get Charities to Be More Inclusive”
Do you know the color of your donees?
The Wall Street Journal
What if the Greenlining Institute held a shakedown and nobody paid up?
The Berkeley-based outfit invited representatives from America’s top 50 foundations to come to their offices two weeks ago for a chat on the urgent national priority of “diversity in philanthropy.” Among the questions posed: “What percent of the asset management firms under contract with your foundation are minority-owned?” We’re delighted to say that not a single one of the foundations sent Greenlining any data and no one showed up to the meeting. Maybe they’re starting to catch on to this con game. Continue reading “The Latest Charity Shakedown”
A leading lender has announced it will impose a temporary foreclosure moratorium following calls by two Solano County government bodies hit hard by the sub-prime mortgage crisis.Chase Home Lending CEO David Lowman announced the bank has implemented a temporary foreclosure moratorium in all Solano County cities, said Bob Gnaizda general council for Greenlining Institute, a California-based national nonprofit promoting home ownership for those living paycheck to paycheck. Continue reading “Chase Home Lending Heeds Pleas for Foreclosure Relief”
For all the government’s actions to prop up the markets, credit tightened again last week and stocks sold off worldwide. Rather than confidence, fear of global recession has taken hold – and for good reason. Continue reading “Help for Homeowners, at Last?”