Philanthropy’s Race Problem

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”

Liberalism Never Sleeps

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”

Foreclosure Freeze Movement Takes on Wall Street
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”

Countrywide Settlement May Favor Wall Street Over Main Street

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”

We Are Trying to Get Charities to Be More Inclusive

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”

The Latest Charity Shakedown

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”

Chase Home Lending Heeds Pleas for Foreclosure Relief

By RACHEL RASKIN-ZRIHEN/Times-Herald staff writer

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”