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Showing blog posts tagged with big banks

Big Banks Still Giving Homeowners the Runaround

Arlene Holt Baker | Corporate Greed

Big Banks Still Giving Homeowners the Runaround

Today, a report  released by the Mortgage Settlement Monitor confirmed that big banks are still not up to the task of handling mortgage modifications effectively and fairly. This report confirms what many working families have learned the hard way: Big banks are still giving homeowners the runaround.

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Big Banks Agree to Settle Charges of Foreclosure Abuse

Arlene Holt Baker | Corporate Greed

Illustration by outacontext/Flickr

Ten of the nation’s largest banks agreed earlier this week to settle charges of foreclosure abuse with federal regulators. After the housing bubble burst, banks allegedly processed foreclosures improperly and mishandled homeowners’ applications for mortgage modifications. The resulting foreclosure crisis hurt all working families. Homes lost value, especially in communities of color that were among the hardest hit.

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People@Work See How America's Unions Make a Difference

You Are Now Entering the Mallory Factor Spin Zone

Jeff Hauser | Corporate Greed

Photo by eyewashdesign A. Giolden/Flickr

After Mallory Factor appeared on "Morning Joe" this morning, Jeff Hauser sends us this report.

What type of person comments on a generation of declining union membership and increasing inequality and blames unions?

What type of person looks back at America’s economy—after decades of deregulation followed by economic bubbles and misery for the 99% of people who work hard for a living—and blames unions?

It takes someone who combines an ear for dishonest public relations spin with a large wallet linked to the continued enrichment of Wall Street tycoons.

Mallory Factor is someone who understands that the banking industry’s bad reputation for destroying the world’s economy requires a diversion, a scapegoat. That he would write a book focusing on blaming unions, rather than his Wall Street peers, is entirely

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J.P. Morgan's Losses Say: Banks Need Regulation

Robert Struckman | AFL-CIO Now

A bad gamble by J.P. Morgan resulting in a quick $2 billion loss has raised the specter of the financial crisis of 2008, when Big Banks ruined the economy and caused the recession, high unemployment and housing problems that still dog the nation. Fully enacted financial reform can't come too soon.

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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 10:41:26
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
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eZTemplate: Loading template "content/datatype/view/eztext.tpl" with resource "design"
Timing: Oct 02 2013 10:41:26
End
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eZTemplate: Loading template "setup/debug_toolbar.tpl" with resource "design"

Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0302 sec 1,284.6172 KB1,198.9531 KB
Module start 'content' 0.0302 sec0.8933 sec 2,483.5703 KB5,973.2266 KB
Module end 'content' 0.9235 sec2.5689 sec 8,456.7969 KB15,188.9609 KB
End 3.4924 sec  23,645.7578 KB 
Total runtime:3.4979 sec
Peak memory usage:25,404.1406 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0091 sec0.2606%340.0003 sec
Find INI Files0.0002 sec0.0064%60.0000 sec
Mysql Total
Mysqli_queries2.5891 sec73.8804%11620.0022 sec
Looping result0.0403 sec1.1489%11440.0000 sec
TS translator
TS init0.0030 sec0.0868%40.0008 sec
TS cache load0.0012 sec0.0352%40.0003 sec
TS context load0.0009 sec0.0253%40.0002 sec
Template Total3.3936 sec 96.8% 3 1.1312 sec
Template load0.0060 sec0.1701%30.0020 sec
Template processing3.3875 sec96.6638%31.1292 sec
Template load and register function0.0002 sec0.0043%10.0002 sec
states
state_id_array0.1425 sec4.0662%820.0017 sec
state_identifier_array0.1534 sec4.3781%900.0017 sec
override
Cache load0.0071 sec0.2018%1320.0001 sec
class_abstraction
Instantiating content class attribute0.0029 sec0.0823%450.0001 sec
Sytem overhead
Fetch class attribute can translate value0.0025 sec0.0712%190.0001 sec
Fetch class attribute name0.0260 sec0.7427%360.0007 sec
XML
Image XML parsing0.0170 sec0.4850%190.0009 sec
General
String conversion0.0000 sec0.0004%30.0000 sec
dbfile0.0042 sec0.1200%1000.0000 sec
Total script time:3.5044 sec