Sheila Bair joins Bill Moyers to talk about American banks' continuing risky and manipulative practices, their seeming immunity from prosecution, and growing anger from Congress and the public.
The Kellers are caught up in a little-known horror of the U.S. housing bust: the zombie title. Six years in, thousands of homeowners are finding themselves legally liable for houses they didn't know they still owned after banks decided it wasn't worth their while to complete foreclosures on them. With impunity, banks have been walking away from foreclosures much the way some homeowners walked away from their mortgages when the housing market first crashed.
A special programming note from Senior Writer Michael Winship: "As you probably have figured out by now, because Hurricane Sandy hit New York City and its surroundings with such a mighty punch, the Moyers & Company production team has
The US’ housing bubble burst nearly six years ago, but the worst may be yet to come. After a landmark settlement, the major banks have lifted a freeze on foreclosures and government relief has been too small to make a difference. Public
Full message from the video: Dear brothers and sisters. Now is the time to open your eyes! In a stunning move that has civil libertarians stuttering with disbelief, the U.S. Senate has just passed a bill that effectively ends the Bill of