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Showing videos filed under: mortgage crisis
Kai Wright: Payday Lending and the Battered Borrower
April 13, 2011"Everyone from the FDIC to the Pentagon have said that people are doing this as a way of life ... they are trapped in a series of loans," says Kai Wright individuals and families who've become entangled in the system of payday lending. High-interest loans are being made to the people who need the extra cash most--and who are most unable to repay.Kai Wright; Richard Wolff & Karen Finney; and the Military Budget
April 12, 2011"Everyone from the FDIC to the Pentagon have said that people are doing this as a way of life ... they are trapped in a series of loans," says Kai Wright of individuals and families who've become entangled in the system of payday lending. High-interest loans are being made to the people who need the extra cash most--and who are most unable to repay.American News Project: Pain on Main Street
September 30, 2008While lawmakers negotiate on Capitol Hill over the $700 billion-taxpayer bailout for banks and lenders on Wall Street, the foreclosure machine continues to crush homeowners caught in the mortgage crisis. Beyond the politics of Washington, one thing seems clear to many homeowners on the verge of foreclosure, there is no significant relief in sight from the government or Wall Street.
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