World-News

A painful part two of the slump looks set to unfold: Many more U.S. homeowners face the prospect of losing their homes this year as banks pick up the pace of foreclosures.

http://reut.rs/I2WrjH



New attacks on unemployment benefits in the US:

While the Obama administration trumpets the allegedly good news that the official US jobless rate has fallen to 8.3 percent, millions of unemployed workers are facing new attacks on their unemployment benefits, in the form of tightened eligibility standards and cuts in the duration of benefits.

http://wsws.org/articles/2012/apr2012/unem-a05.shtml



Report estimates 8 million children hurt by foreclosures

One in 10 U.S. children has been or will be affected by the nation s surge in foreclosures, a new report says.

http://usat.ly/ImDbNv



Wells Fargo Insiders Detail Foreclosure Fraud Practices

'It s Exactly Like An Assembly Line': The nation s largest mortgage servicer often improperly foreclosed on homeowners who weren t past due or owed little interest while pushing the files out the door as fast as possible.

http://bit.ly/I1Vdmk


From Information Clearing House

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Austerity USA Decimating Health, Safety, and Education
http://www.commondreams.org/headline/2012/04/05-0

Where Are Our Jobs Going to Come From?
http://www.commondreams.org/view/2012/04/06-4

Wells Fargo Profiting From For-Profit Prisons
http://www.commondreams.org/video/2012/04/21

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88 Million (That s One in Three Americans) Are Invisible to Government Employment Statistics
http://lewrockwell.com/slavo/slavo104.html



Mortgage and Securitization Fraud: Where Is the Task Force?

Dean Baker, Truthout: ''A serious investigation would start at the bottom and work up. It would find offices where many of the especially bad mortgages were issued. The investigators would question the mortgage agents about how so much false information ended up on loan forms. After scaring some number of mortgage agents into talking, they would then talk to the branch managers ... This practice could lead to the top levels of the bank.''

http://truth-out.org/news/item/9277-mortgage-and-securitization-fraud-where-is-the-task-force



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=austerity
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wells+Fargo
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=homeowner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=jobless
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy+benefit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Haroon+Siddiqui
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/slavo
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
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