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100 Days to Fix What Wall Street Broke: Wells Fargo Shatters Retirement Dreams

Mike Hall | Corporate Greed

Photo by OccupyFightsForeclosure/Flickr

Wall Street wrecked the economy and banks are still refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama  over the next 100 days  to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

Sign the petition here . 

Beverly Jones shared this story of how Wells Fargo hurt her family. Read more from 100 Stories of What Wall Street Broke :

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100 Days to Fix What Wall Street Broke

Jackie Tortora | Corporate Greed

Wall Street wrecked the economy and banks are still refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama  over the next 100 days  to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

Sign the petition here . 

Read more and comment »

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

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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Video: Nevada State AFL-CIO Urges Sen. Heller to 'Bring Jobs Home'

Jackie Tortora | Economy

Nevada has the highest unemployment rate at 12 percent and the highest foreclosure rate in the state. Workers in the building trades industry are experiencing 60 percent to 90 percent unemployment. 

This is why Danny Thompson, Nevada State AFL-CIO executive secretary-treasurer, and local unions gathered outside the office of Sen. Dean Heller (R-Nev.) last week to ask him to support the Bring Jobs Home Act ( S. 3364  [formerly S. 2884]), which is expected to get a vote on Thursday. Watch the YouTube video  here . 

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Bank Foreclosure Settlement Money Should Be Used to Help Homeowners

Arlene Holt Baker | Economy

Bank Foreclosure Settlement Money Should Be Used to Help Homeowners

Earlier this year, state and federal law enforcement officials negotiated a historic legal settlement with the Big Banks that had abused the rights of homeowners during the foreclosure crisis. As part of this settlement, the Big Banks agreed to pay $2.5 billion in penalties to the states for programs to help prevent foreclosures.

Sadly, in many states these funds are now at risk of being diverted away from helping struggling homeowners.

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Arizona Private Prisons, 1 - Troubled Homeowners, 0

Donna Gratehouse | In The States

The Republican majority in the Arizona House just voted to approve a budget, a compromise with Republican Gov. Jan Brewer, that critics say underfunds education, health care and public safety. But the most shocking item in the budget proposal is a plan to transfer $50 million from funds intended to help homeowners facing foreclosure to the private prison industry . Worse, some Republican legislators want to "save money" by removing auditing and oversight from private prison contractors.

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Pity the 1%! Billionaires Bemoan Criticism by ‘Imbeciles’

Adele Stan | Corporate Greed

It’s tough these days being a member of the top 1 percent, what with all the complaints about the widening income gap and tax breaks for billionaires, not to mention the demands of the 99 percent for a little accountability. “It feels lonely…,” said John A. Allison IV, former CEO of BB&T, one of the nation’s top 10 banks, to Bloomberg News.

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Tell the Banks: This Home Is Occupied

Arlene Holt Baker | Corporate Greed

The Occupy Wall Street movement has given a voice to the 99 percent of us who have suffered at the hands of the Big Banks. In cities across the country, “Occupy” protesters have highlighted our nation’s growing economic inequality, high unemployment and the foreclosure crisis that continues to ravage our communities.  We saw another inspiring example of the 99 percent standing together in recent days in Atlanta.

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Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:19[1] Oct 02 2013 12:20:59
Variable 'current_node' is already defined.
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/override/templates/line/blog_post.tpl:19[3] Oct 02 2013 12:20:59
Variable 'tag_count' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/override/templates/line/blog_post.tpl:19[3] Oct 02 2013 12:20:59
Variable 'tag_count' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/override/templates/line/blog_post.tpl:19[3] Oct 02 2013 12:20:59
Variable 'tag_count' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/override/templates/line/blog_post.tpl:19[3] Oct 02 2013 12:20:59
Variable 'tag_count' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:3[2] Oct 02 2013 12:20:59
Variable 'url' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:11[2] Oct 02 2013 12:20:59
Variable 'label' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:19[1] Oct 02 2013 12:20:59
Variable 'current_node' is already defined.
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Timing: Oct 02 2013 12:20:59
Module end 'content'
Debug: ezpI18n::translateText Oct 02 2013 12:20:59
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'eZTags'
Debug: ezpI18n::translateText Oct 02 2013 12:20:59
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'Survey'
Debug: ezpI18n::translateText Oct 02 2013 12:20:59
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'eZFind'
Debug: ezpI18n::translateText Oct 02 2013 12:20:59
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'Workflow board'
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "pagelayout.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezstring.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezselection.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezstring.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezselection.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezstring.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Timing: Oct 02 2013 12:20:59
End
Notice: Oct 02 2013 12:20:59
eZTemplate: Loading template "setup/debug_toolbar.tpl" with resource "design"

Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0813 sec 1,284.5313 KB1,198.9531 KB
Module start 'content' 0.0813 sec1.2492 sec 2,483.4844 KB6,845.3047 KB
Module end 'content' 1.3305 sec1.2930 sec 9,328.7891 KB7,345.2344 KB
End 2.6234 sec  16,674.0234 KB 
Total runtime:2.6290 sec
Peak memory usage:18,429.8516 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0190 sec0.7177%330.0006 sec
Find INI Files0.0003 sec0.0096%60.0000 sec
Mysql Total
Mysqli_queries1.9764 sec74.6164%5990.0033 sec
Looping result0.0189 sec0.7142%5880.0000 sec
TS translator
TS init0.0026 sec0.0980%40.0006 sec
TS cache load0.0010 sec0.0390%40.0003 sec
TS context load0.0007 sec0.0250%40.0002 sec
Template Total2.4499 sec 92.5% 3 0.8166 sec
Template load0.0160 sec0.6058%30.0053 sec
Template processing2.4338 sec91.8835%30.8113 sec
Template load and register function0.0002 sec0.0089%10.0002 sec
states
state_id_array0.0409 sec1.5449%150.0027 sec
state_identifier_array0.0672 sec2.5357%260.0026 sec
override
Cache load0.0167 sec0.6313%840.0002 sec
class_abstraction
Instantiating content class attribute0.0030 sec0.1125%330.0001 sec
Sytem overhead
Fetch class attribute can translate value0.0018 sec0.0694%100.0002 sec
Fetch class attribute name0.0158 sec0.5979%210.0008 sec
XML
Image XML parsing0.0055 sec0.2065%100.0005 sec
General
String conversion0.0000 sec0.0007%30.0000 sec
dbfile0.0011 sec0.0412%370.0000 sec
Total script time:2.6487 sec