September

Flim-flam financing in the housing Industry

Chickens are now coming home to roost in the housing market. Option ARMs have risen from under 1 percent of deals in the ’90s to at least 12.5 percent in 2005. Business Week likens option ARMs to the neutron bomb: the people are blown up but the houses are still standing.

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Blitzkrieg effort to ram new anti-immigrant bills through Congress

The Republican leadership of the House of Representatives is pushing hard to get HR 4437, Rep. James Sensenbrenner’s vicious anti-immigrant bill which spurred this year’s huge immigrant rights marches, approved piecemeal by the House and Senate and signed into law before the November elections.