The New Tax Man: Big Banks And Hedge Funds
Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on property taxes, are quietly plowing hundreds of millions of dollars into businesses that collect the debts, tack on escalating fees and threaten to foreclose on the homes of those who fail to pay.The ...
Dems Come Alive! ...a follow-up from Michael Moore
Today's OpenMike blog Friends, Ok! We're halfway through the week and we're off to a great start. Last week I gave the spineless Dems five friendly suggestions for things they could do on the off chance they were interested in winning the midterm elections on November 2nd: 1. Deliver a ...
October 3rd, 2010
U.S. REP. GABRIELLE GIFFORDS CALLS FOR FORECLOSURE MORATORIUM
TUCSON – U.S. Rep. Gabrielle Giffords today called for an immediate three-month national moratorium on foreclosures so lenders and loan servicers can address rampant problems that have led to homeowners being wrongly removed from their homes.“Foreclosures are at an all-time high nationally and Arizona has the third-highest foreclosure rate in ...
Connecticut halts all foreclosures for all banks
Connecticut Attorney General Richard Blumenthal on Friday ordered a moratorium on all foreclosures by all banks for 60 days--the most radical action taken by a state on issue of document irregularities.California also expanded the moratorium on foreclosures it announced last week on Ally Financial foreclosures to include those by J.P. ...
Five Ways the Democrats Can Avoid a Catastrophe and Pull Off the Mother of All Upsets
Today's OpenMike blog The election is one month from tomorrow and, yes, it looks hopeless. November 2nd -- the day the Dems are expected to crash and burn. Sadly, it's a situation the Democrats have brought upon themselves -- even though the majority of them didn't create the mess we're ...
September 26th, 2010
Mistakes widespread on foreclosures, lawyers say
Paperwork mistakes that led one of the nation's largest mortgage servicers to halt foreclosure evictions in 23 states last week have happened elsewhere and affect tens of thousands of foreclosures, say lawyers for homeowners.Ally Financial's GMAC Mortgage acted after manager Jeffrey Stephan gave a statement to opposing lawyers that he ...
Bank Stocks Rally As Financial Reform Comes Together
Financial stocks rallied after Congress passed a key hurdle--rather painlessly--in its effort to reform the U.S. financial regulatory structure, paving the way for President Obama's signature in the coming weeks."There was a big political component to this, and the fear on Wall Street was that this bill would be a ...
Wall Street dodges bullet on derivatives
NEW YORK -- It's a brave new world for the derivatives market. Or is it?Congress' efforts to reshape this murky corner of the nation's financial system may have little impact on the Wall Street firms that dabble in these complex financial investments. As part of the financial regulatory reform bill ...
Obama claims victory in financial overhaul deal
WASHINGTON – House and Senate negotiators reached a dawn agreement Friday on legislation that redefines federal oversight of Wall Street and, following the signing of the health care act in March, adds another milestone to mark the Obama presidency.President Barack Obama declared victory Friday after congressional negotiators reached agreement on ...
They Keep Stealing - Why Keep Paying?
The dire straits of the middle class of America has made it near impossible for our politicians to keep up the pretense that our current government truly works for the "people." Between the multiple overt and secretive bailouts, the massive bonuses and the circular use of our tax money to ...
Judge Who Lifted Moratorium Tied To Offshore Drilling Companies
The federal judge who lifted Obama's six-month drilling moratorium had interests in Transocean and a number of other offshore energy companies, according to financial disclosure forms from 2008.Martin Feldman, a U.S. District Court Judge for the Eastern District of Louisiana, held energy stocks in Transocean and Halliburton, as well as ...
JPMorgan faces angry homeowners
Angry homeowners protested outside JPMorgan Chase’s annual meeting in New York on Tuesday as Jamie Dimon, the bank’s chief executive, defended its record in modifying mortgages for hard-pressed borrowers.At one point, a protester, Bruce Marks, who runs the Neighborhood Assistance Corporation of America, which provides loans to low-income people, attempted ...
Criminal probe targets 6 Wall Street firms: source
Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.The others are Deutsche Bank AG, UBS AG, Morgan Stanley and Goldman Sachs Group Inc, ...
Disorganization at Banks Causing Mistaken Foreclosures
Millions of people face losing their homes in the continuing foreclosure crisis, but homeowners often have more than the struggling economy and slumping house prices to worry about: Disorganization within the big banks that service mortgages has made a bad problem worse. Sometimes the communication breakdown within the banks is ...
Protesters enter NYC bank buildings before rally
NEW YORK — Noisy protesters with signs took over two bank building lobbies on Thursday in a prelude to a Wall Street rally by workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks.Hours before the scheduled rally, more ...
Judd Gregg and Ben Nelson: More Socialism Please
As we find our economy subsisting on massive government spending and no-strings-attached bailouts, borrowed, of course, from future generations, what solutions do the same leaders who got us into this mess offer? You already know the answer -- more government handouts.The latest gambit?Politicians like Judd Gregg and Ben Nelson are ...
Aaron Bartley is Executive Director of People United for Sustainable Housing (PUSH).
April 28th, 2010
PUSH Buffalo Joins the Showdown on Wall Street
In the nearly two years since the biggest banks precipitated a devastating economic meltdown and then exploited the moment to win billions in taxpayer bailouts and billions more in free money from the Federal Reserve, not a single public demonstration of significance has darkened the doors of the Wall Street ...
Protesters Launch Showdown With the Monster Banks, Demand Wells Fargo to End Predatory Lending
"We are many and they are few -- and today they have to deal with us!" yelled an organizer at a San Francisco march and rally on Tuesday afternoon aimed at calling out Wells Fargo for its predatory lending practices. A crowd of a few hundred pissed-off consumers responded boisterously ...
The Community Bank Of Illinois: A Banking "Public Option"?
After the imprudent and possibly illegal behavior of America's largest banks sent the nation into a deep recession and necessitated a massive bailout at taxpayers' expense, Wall Street firms have rebounded nicely. In the first quarter of 2010, JPMorgan Chase, Bank of America, and CitiGroup have all posted sizeable profits. ...
Syracuse University students protest JPMorgan Chase CEO as graduation speaker
Syracuse, NY -- About 75 students lined the steps of Syracuse University's Hendricks Chapel today to protest the selection of a banker as their commencement speaker.Carrying signs and singing songs, students opposed the university's decision to have JPMorgan Chase chairman and chief executive officer Jamie Dimon give them advice when ...
Wall Street Backlash: Students Protest JPMorgan's Jamie Dimon
Civil Rights. Tyranny. War.These are some of the historical events students have felt so passionately about, they've flocked to their quads in protest.Add one more to that list: The sage advice of JPMorgan CEO Jamie Dimon.Dimon was selected to give the commencement speech at Syracuse University this year but students ...
More Banker Outrage: Protesters Plan Marches on Wall Street Banks
Outrage over bonuses, bailouts and home foreclosures have prompted angry demonstrations at bank office buildings, bank conferences and even bankers' homes since the financial crisis began. With Wall Street reform proposals up for debate in Congress and bank shareholder meetings taking place later this month, protest organizers say they're getting ...
If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama. Pack got rudely introduced to life in post-crisis America last August, when word came down that she and ...
Goldman board rejects shareholder demands on pay
NEW YORK, March 1 - Goldman Sachs Group Inc's board has rejected several demands from shareholders that it investigate recent compensation awards, recoup excessive compensation and reform pay practices. Wall Street's dominant bank, criticized for paying billions of dollars in bonuses soon after the taxpayer bailout of the industry, reported ...
Greece: Bomb explodes at JPMorgan branch
ATHENS, Greece (AP) -- Police in the Greek capital say a bomb has exploded at the offices of American financial services firm JPMorgan Chase & Co., causing no injuries. The blast occurred early evening Tuesday in an upscale area of central Athens, following a warning telephone call to an Athens ...
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January 17th, 2012
STOP SOPA: Why MichaelMoore.com Will Be Blacked Out Wednesday, January 18th
My websites MichaelMoore.com and Mike's High School Newspaper will both be going dark for 24 hours starting at midnight tonight in protest of the Stop ...
December 30th, 2011
75 Years Ago Today, the First Occupy
On this day, December 30th, in 1936 -- 75 years ago today -- hundreds of workers at the General Motors factories in Flint, Michigan, took ...
December 28th, 2011
Click here to donate to the congressional campaign of Flint's own Dan Kildee I have many things I'm planning to do in the New Year ...
December 24th, 2011
A Little Christmas Gift for You to Download
Thanks for all the wonderful comments regarding the short story about my mom from HERE COMES TROUBLE that I sent you a few days ago. ...
December 20th, 2011
Here's a New Free Chapter from HERE COMES TROUBLE
Thank you to the tens of thousands of you who have read HERE COMES TROUBLE and helped to make it a New York Times bestseller ...
December 18th, 2011
LAST CALL: Signed First Editions Will Be Gone by Tomorrow! ORDER TODAY, RECEIVE BY XMAS
My publisher has informed me that they are down to their last crate of the first printing/first editions of HERE COMES TROUBLE -- the ones ...
December 17th, 2011
A Man in Tunisia, a Movement on Wall Street, and the Soldier Who Ignited the Fuse
It's Saturday night and I didn't want the day to end before I sent out this note to you. One year ago today (December 17th), ...
September 11th, 2010
If the 'Mosque' Isn't Built, This Is No Longer America
OpenMike 9/11/10 Michael Moore's daily blog I am opposed to the building of the "mosque" two blocks from Ground Zero. I want it built on ...
December 14th, 2010
Why I'm Posting Bail Money for Julian Assange
Yesterday, in the Westminster Magistrates Court in London, the lawyers for WikiLeaks co-founder Julian Assange presented to the judge a document from me stating that ...
May 12th, 2011
Some Final Thoughts on the Death of Osama bin Laden
"The Nazis killed tens of MILLIONS. They got a trial. Why? Because we're not like them. We're Americans. We roll different." – Michael Moore in ...
November 22nd, 2011
Where Does Occupy Wall Street Go From Here?
This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and ...
September 22nd, 2011
A STATEMENT FROM MICHAEL MOORE ON THE EXECUTION OF TROY DAVIS
I encourage everyone I know to never travel to Georgia, never buy anything made in Georgia, to never do business in Georgia. I will ask ...
December 16th, 2010
Dear Swedish Government: Hi there -- or as you all say, Hallå! You know, all of us here in the U.S. love your country. Your ...
November 2nd, 2010
This letter contains (almost) no criticisms of how the Democrats have brought this day of reckoning upon themselves. That -- and where to go from ...
Home Front: Portraits from Sheikh Jarrah
Mike, was the triple overtime Outback Bowl come-from-behind win the greatest Spartans game ever?
Yes -- or at least it will be until their appearance in next year's Rose Bowl, a game which... Continue Reading
Michael Moore on Conan, 12/7/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/21/11
Michael Moore on Countdown with Keith Olbermann, 11/15/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/9/11
