Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because […]
You Can’t Go Anywhere In Downtown Detroit Without Dan Gilbert Watching You Since Dan Gilbert strong-armed former Michigan Governor Jennifer Granholm and the City of Detroit to cough up to $200 million in tax incentives by threatening to move Quicken and all his companies to Cleveland if Dan Gilbert didn’t get a tax incentive to move […]
Survey of Detroit Mortgages Show Quicken Loans Contributed To Detroit’s Blight It appears Quicken Loans owner and wannabe White Jesus of Detroit contributed to Detroit’s epic blight problem. Gilbert is not totally responsible for the blight. Bank of America, Wells Fargo, and others also share a greater responsibility. Yet Gilbert did contribute to the blight […]
Law Signed Last Week By Rick Snyder Makes It Easier for Homeowners To Avoid Tax Foreclosures Michigan Governor Rick Snyder signed a series of bills into law last week that will make it easier for homeowners facing tax foreclosures to negotiate payment plans with their respective counties. Two of the bills allow counties to set […]
Mortgage Fraud Kingpin Ronnie Duke Quickly Learns He’s No Andy Dufresne Mortgage fraud kingpin Ronnie Duke’s dream of being Andy Dufresne was never meant to be. He was caught trying to break out of prison by chipping away at mortar inside his cinderblock jail cell. Duke tried hiding his progress by stuffing the hole with mixture of wet […]
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