Debt Collectors Fined and Ordered to Stop Operations (tags)
Argentina Returns to Bond Market after Debt Settlement (tags)
Argentina returns to the bond market after 15 years with access to limited international financing.
Report Questions Florida Payday Lending Rules (tags)
A new report by the Center for Responsible Lending says “payday” lending fees cost Florida residents $2.5 billion over the past decade.
US Judge Plans to End Argentina Debt Sanctions (tags)
US District Judge Thomas Griesa agreed to lift injunctions on Argentina that could pave the way to ending the country's decade-long debt dispute with "hold-out" hedge funds.
CLASS ACTION SUIT CONTINUES: RONALD L. HAVNER JR's PREDATORY BUSINESS, PUBLIC STORAGE (tags)
FALSE ADVERTISING; BAIT & SWITCH; ILLEGAL AUCTIONS; INSURANCE FRAUD; MORE LAW SUITS PENDING AGAINST RONALD L. HAVNER JR.'S COMPANY, PUBLIC STORAGE. INCLUDING SEVERAL CLASS ACTION SUITS. CUSTOMERS VIOLATED WITHIN LAST 3 YEARS ARE CONTINUING TO JOIN. SUIT & LAWYERS CONTACT INFO IS HERE: http://www.laartsdistrictblogs.com/ClassActionAgainstPublicStorage.pdf
Looming Greek Capitulation to Troika Bandits? (tags)
Greece
Irresponsibly Calling Argentina's President Kirchner Anti-Semitic (tags)
Argentina
Public Storage management Kathleen Jarnagin & and Margaret Sommers, Unethical & Predatory (tags)
Public Storage is being sued all over the country for their unethical and even predatory business practices. And one LA artist tells us why... "This storage company 'Public Storage' has done nothing but put me in a constant state of prolonged emotional stress with there blatantly predatory and unethical business practices! Public Storage SUCKS!"
Unethical and Predatory Business Practices by Management of "Public Storage" (tags)
After having to put my belongings in storage unit at "Public Storage" for safe keeping, I found out the storage company itself, "Public Storage" was who I really needed protection from!
CLASS ACTION LAW SUIT NOW FORMING AGAINST ""PUBLIC STORAGE"" (tags)
CLASS ACTION LAW SUIT NOW FORMING AGAINST ""PUBLIC STORAGE"" FOR PREDATORY BUSINESS PRACTICES. Contact David Goldner: DavidGoldnerPhotography@gmail.com
Dr. Jill Stein for President (tags)
Imagine a presidential candidate not stuffing her pockets and legitimating the status quo of lobbyists writing laws, unending wars, tax evasion by corporations in the Cayman Islands and exploding inequality! Alternatives of community centers and reduced working hours are possible!
IMF Annual Meetings Focus on Inclusiveness and Global Job Growth (tags)
"The risks the IMF raises are real. We need to address inequality if we are going to grow the global economy," said Eric LeCompte, Executive Director of the religious anti-poverty organization, Jubilee USA.
International Monetary Fund Releases Plans to Stop Predatory Hedge Funds (tags)
The International Monetary Fund (IMF) released new proposals for preventing predatory hedge funds and hold-out investors from blocking debt restructurings. The paper proposes a series of reforms to debt contracts, including strengthened collective action clauses and a modification of the pari passu clause that hold-out hedge funds used to sue Argentina.
UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds (tags)
The UN General Assembly votes Tuesday at 3pm (EDT) on a resolution that could create a global bankruptcy mechanism. Such a process could protect poor countries from predatory funds and limit future defaults. Jubilee USA's leadership, a group of religious leaders and financial experts sent a letter to United States UN Ambassador Samantha Power urging her to support the resolution.
UN Treaty Could Enact Global Bankruptcy Process and Stop Predatory Funds (tags)
The UN General Assembly votes Tuesday on a convention that could enact a global bankruptcy process and stop predatory hedge funds. Bolivia proposed the resolution that if voted upon is expected to pass by a majority. The executive board officers of Jubilee USA sent United States UN Ambassador Samantha Power a letter urging her to support the resolution. Jubilee's 400 US faith communities are holding the Ambassador in prayer as she prepares to vote.
Banks and Investors Challenge Predatory Funds Solutions Fall Short of Comprehensive Prot (tags)
The International Capital Market Association (ICMA), a group of banks and investors, released a new debt framework this morning aimed at reducing the ability of predatory funds and holdout investors to undermine debt restructuring. The plan was created after meetings convened by the US Treasury Department in the wake of Greece's debt restructuring and comes in the aftermath of the landmark debt case between Argentina and NML Capital.
IMF Releases Paper on Ending Predatory Behavior (tags)
The International Monetary Fund (IMF) officially released a major paper focused on increasing stability in the financial system and preventing predatory hold-out behavior in debt restructuring.
Supreme Court Hears Argentina Predatory Hedge Fund Discovery Case (tags)
High Court Decision to Hear Broader Landmark Debt Case Pending
Argentina Requests Supreme Court Reverse Federal Court Rulings that favor Predatory Hedge (tags)
Argentina officially requested that the US Supreme Court hear an appeal in a debt case that will impact people living in extreme poverty around the world. The case dates back to Argentina's 2001 default, after which 92% of all Argentine bond holders restructured their defaulted debt. Predatory hedge fund, NML Capital leads a small group of holdouts who won judgments for payment in lower US Courts. NML Capital never invested in Argentina and bought the debt cheaply after Argentina's default. Because sovereign lending is contracted in the United States, the precedent the case sets impacts some of the poorest economies around the globe and allows these hedge funds to target assets that benefit poor people. The International Monetary Fund, the Paris Club, legitimate investors, the US and most governments oppose this predatory behavior because it cancels the benefits of debt relief, makes sovereign debt restructuring more difficult and limits credit to poor countries.
Supreme Court Decides to Hear Argentine Objection to Predatory Hedge Funds Targeting Argen (tags)
The Supreme Court will review a lower court's order for banks to give information on Argentine assets, including those assets held outside of US jurisdiction, to a group of hedge funds seeking to collect from Argentina's 2001 default. Additionally, the High Court will review if it is legal for these predatory hedge funds to target assets for collection outside of a US jurisdiction.
Defending IMF Financial Terrorism (tags)
class war
Payday Loans: Modern Day Usury (tags)
usury
Big Win for Predatory Healthcare Giants (tags)
class war
Defending the Indefensible (tags)
class war
After Mubarak: What's Next? (tags)
revolution
Eco-activists could be framed for insurance fraud (tags)
Potential for developers and/or SUV dealerships using arson and "eco-terror" DHS hype to frame eco-activists for profitable insurance fraud..
Urgent: Calif. to Vote on Predatory Lending (tags)
The state Leg will vote this week on a bill to ban predatory lending -- abusive mortgage lending that devastates low-income families and neighborhoods. Many Assembly Members' votes are undecided.