According to the Fed, delinquency rates for credit cards, mortgages, auto loans, and money borrowed against home equity peaked during the Great Recession, and all categories have fallen during the economic recovery. However, student loan delinquencies and defaults surged in 2012 - and have yet to stop.
Meet Alayne Fleischmann, the JPMorgan Chase whistleblower who explains how the bank helped to wreck the economy — and then got away with it.
“For a long time I believed that the government would do their investigation and come forward with it. It’s actually taken a really long time … I’m in the position where If I keep silent and the statute of limitation runs out, or they do one of these agreements where they whitewash everything, then it’s too late.”
Fleischmann joins investigative reporter Matt Taibbi for an exclusive interview on Democracy Now! today.
July 2 2015 - Police clashed with people trying stop a man being evicted from his home in Nottingham. Tom Crawford, who is recovering from prostate cancer, has been involved in a long running dispute with Bradford & Bingley over his mortgage payments.
In January 2015, more than 300 people gathered on the quiet street in Nottingham to help stop Mr Crawford being evicted. That was the second time the cancer patient had received help from total strangers, after hundreds travelled from across the country in July 2014 to stop his eviction. [article]
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