Posted in Analysis Economy Recession The Conversation Coronavirus While we were looking elsewhere

We are entering a recession – but what did we learn from the last one?

By  Ken-Hou Lin, University of Texas at Austin and Megan Neely, Stanford University As the coronavirus continues to spread around the world, it is abundantly clear that the global economy is entering a recession – the…

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Posted in Analysis Columns Economy Rathke: Chief Organizer Report Safety Net

What is a deprecesscion?

By Wade Rathke Pearl River   Brothers and sisters, it’s bad. Furthermore, it’s getting worse! Piled on to that, it will get much, much worse, before there’s even a hint of it getting better. A recession…

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Posted in Columns Economy Housing Housing Policy Neighborhoods Rathke: Chief Organizer Report Real estate Wealth

Wall Street is crippling the single-family housing market

New Orleans        The financial meltdown in the real estate market of 2007, marked by foreclosures triggered by speculation and broker scams and wiping out the citizen wealth of millions of families, continues to carry a…

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Posted in Affordable Housing Citizen Wealth Housing Policy News Politics Race for the White House 2020 Reveal

Mayor Pete has a redlining problem in Indiana

By Aaron Glantz / February 28, 2020 This story was originally published by Reveal from The Center for Investigative Reporting, a nonprofit news organization based in the San Francisco Bay Area. Learn more at revealnews.org and…

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Posted in Analysis Banks Columns Community organizing Credit economic justice Housing Policy Neighborhoods Rathke: Chief Organizer Report

The Billionaire and Right-Wing’s racist lies about Redlining

New Orleans    With the Office of the Comptroller of the Currency leading the way to gut the Community Reinvestment Act along with some other federal regulators, the last thing we should be doing is having to…

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Posted in Banks Credit economic justice Income Equality Opinion OtherWords

How credit cards make us more unequal

Credit card companies fleece retailers to give high-end spenders cash back — a system the rest of us end up subsidizing. By Sam Pizzigati | February 10, 2020 What happens when we use our credit cards?…

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Signing of CRA in 1977
Posted in Banks Columns Community organizing economic justice Economy Housing Policy National Off the wire Politics Rathke: Chief Organizer Report Social Justice

City National Bank Shows Why Some CRA Proposals are Wrong

New Orleans      There’s a big split within the federal banking establishment about what to do about revisions to the 1977 Community Reinvestment Act.  This is not your run of the mill, chest thumping, and elbow…

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