World-News

Did you know that the big banks have a way to legally steal your house from you even if you don t owe a single penny on your mortgage?

http://is.gd/ZPVGnm



Great Recession cost each household between $50,000 and $120,000, according to Dallas Fed study

That s a combination of lost wealth (like the lost value of a house) and a drop in both current wage income and discounted future wage income from unemployment.

http://is.gd/SXH9fy



Welcome new billionaires! Ultrawealthy ranks grow

A new study from Wealth-X and UBS finds that the global population of billionaires has surged past 2,000. Their combined wealth totals $6.5 trillion-more than the combined gross domestic product of France and Germany.

http://is.gd/5DD3Vf



Best Times for the 1 Percent Since 1920s

The very wealthiest Americans earned more than 19 percent of the country s household income last year, their biggest share since 1928, the year before the stock market crash. And the top 10 percent captured a record 48.2 percent of total earnings last year.

http://is.gd/GS0655



5 Years After the Financial Crisis, The Big Banks Are Still Committing Massive Crimes

Here are just some of the improprieties by big banks over the last century (you ll see that many shenanigans are continuing today).

http://is.gd/XHCHms



'Massive fraud' at center of trial against BofA over U.S. mortgages

Bank of America Corp s Countrywide unit placed profits over quality in a "massive fraud" selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday.

http://www.reuters.com/article/2013/09/24/us-bankofamerica-hustle-idUSBRE98M11H20130924



New Wave of US Mortgage Trouble Threatens Banks

U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country s biggest banks.

http://www.moneynews.com/Personal-Finance/mortgage-bank-trouble-home-equity/2013/11/26/id/538676


From Information Clearing House

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Rich as They Ever Were
http://www.commondreams.org/view/2013/09/24-6

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The (Very) Rich Are Getting (Much) Richer

Paul Krugman, Krugman & Co.: The very rich have recovered just fine from the Great Recession, even as the great majority of Americans continue to struggle. In fact, the super-elite, the top 0.01 percent, actually had higher incomes in 2012 than they did at the height of the bubble.

http://truth-out.org/opinion/item/19031-the-very-rich-are-getting-much-richer



France s Ideological Downgrade

Paul Krugman, Krugman & Co.: Just as the austerity drive isn t really about fiscal responsibility, the push for "structural reform" isn t really about growth; in both cases, it's mainly about dismantling the welfare state.

http://www.truth-out.org/opinion/item/20446-frances-ideological-downgrade



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=France
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Hollande
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=ideologic
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=welfare
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Fannie+Mae
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Freddie+Mac
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=1+percent
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=super-rich
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=billionaire
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=austerit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Brian+Miller
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Krugman

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