The Stone that Brings Down Goliath? Richmond and Eminent Domain

In a nearly $13 billion settlement with the US Justice Department in November 2013,JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over …

MoneyWeek Roundup: The Bank of England threatens democracy…

The Bank of England threatens democracy… Buy Turkey!… Everything you ever wanted to know about fracking… From Matthew Partridge, across the river from the City The Bank of England undermines democracy This week, our editor-in-chief, Merryn Somerset Webb, looked at how the Bank of England’s interest rate policy is hurting savers. …

Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option

Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option Posted on January 29, 2014 by Ellen Brown “Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more …

INVESTING IN HURRICANE SANDY

INVESTING IN HURRICANE SANDY   By Ellie Winninghoff   Community Capital Management’s flagship fund, CRA Qualified Investment Fund (CRAIX), will dedicate $100 million of fund assets to invest in disaster recovery and redevelopment projects in New York, New Jersey and Connecticut in the wake of Hurricane Sandy. “We have some …

An agenda for change, by Nick Silver, Managing Director, Climate Bonds Initiative

To avoid dangerous climate change will require the equivalent of another industrial revolution. This can only be achieved if finance into the green economy is increased by an order of magnitude. This may be possible as many low carbon technologies are competitive with fossil fuel if the cost of finance …

Community-Wealth.org Newsletter | May 2013

Dear Colleague, Welcome to our May www.Community-Wealth.org e-newsletter. This month we have a number of updates and features to bring you: Today, May 8 from 4-6 pm (eastern) in Cambridge, MA, The Democracy Collaborative and the Department of Urban Studies and Planning at MIT present the findings of our recent case study: The Anchor Mission: Leveraging the Power …

A sort of a shoddy investigation!

A publication by Per Kurowski I refer to the “Wall Street and the Financial Crisis: Anatomy of a Financial Collapse” report by the Senate Permanent Subcommittee on Investigations. It is a sort of shoddy investigative work. Why? On April 28, 2004 the Securities and Exchange Commission authorized the investment banks …