i hope i live a bus like that. so. we're the. five months six months that will s.r.o. stands for single room occupancy and for instance if we turn around. right here this is an s.r.o. this is an s.r.o. . sometimes are called manor sometimes are called hotel ouse but really what they are where housing of poor people people live and how far rows because they can afford to live any place else san francisco is one of the most expensive places. in the world and certainly the contrary in the shifter when we. we once get in it's six pm in the afternoons. if. it's

a six pm they forget in. there if you want to get in more early you can. that's the rule and you can wait outside. no u.k. you need so warehouse. eve feasts raining if. you can stay there. if you go six forty. this stuff they will go in the park is the rule for the show to. get in the six pm get out sixty six. to let the little. so loose is the inside of an s.r.o. and what you should know is that despite the went meditation and so what you're going to see the is actually. a little nicer than what most of souls

are but to give you an idea. so. as you can see. it's not that big this is basically an s.r.o. now think about how say there's like a bed here ok you know maybe a chair maybe a dresser and that's it now imagine that it's not just one person but it's a husband and wife imagine it's a husband and wife with two kids a magic it's a husband a wife two kids and a grandmother we can leave anything in the shelves. and here's the big roll that. is. my shoes.

nick let's put the baby. is healthy. had made it. and had a fast pass. and here is a shower. maybe like twenty five people have to share this shower and that bathroom as well as the other brasil. could you live like this. for you know ten years fifteen years twenty years with a family. before the shelter i live in the. two fifty five.

and up but the man to eight. to eight. there's a little space this. studio led to so spencer because it's in the front of the city call it. there before i work well i work all day. and they give so money fifteen hundred know that for every two weeks for work every day all day. we had no problem to eat to heat the children weren't cold. but now it's own bad sometimes i feel like crying because i don't like nothing thanks. i don't like to walk around all day was the kids in the called me.

nobody chooses to be homeless nobody chooses to be in and saw all. this is turned story ok and yet you know supposedly the worst name words in the city if you come down here oh. that's a mild maybe. a mile and a half away. that's not bill some of the richest people in the contrary live on top of that hill just a mano and a half away from some part. thank

you for a home. this month to. the fact that they have it. over back then what you need i think and i just went through he'll funny though and how they're going. to come in and fight them in numbers. is it's. had to be. known that. nobody knew nothing about. and these. this overseas where them and then maybe you know you know a little bit. and with this. i think in the last thing that for them to put some families in that. unit is that

the more of the. golden state so there's problems with livered our sorrow that have to do where is the health of the people the liver now not only is it psychologically damaging but your physical health is at risk. oftentimes the paint is peeling there's mold and mildew. the water's not very clean not very hot sanitary. and your diet consists of whatever you can get in the stores. and sorry tired tired. of five months all day every day. that we'll still have hope because. i'm so tired of this. let me you're still. here.

that's what it was like someplace. the proximity of rich and poor people you can cross the street you can you can buy drugs crack you know all that stuff from one part of the street and then you cross that street and there's a it's a big huge hotel that is nothing but rich people that can afford to live in a hotel like that ok and yet there are you did was cross the street so so i mean that makes no sense to me that there are so many rich people and so

many more poor people living so close together at l. i don't understand exactly how that works.

i have no idea no notion of some of prime bending rates or predatory loans or what they were by mortgage companies. to take a refinance because i have failed back on my mortgage payments my payments escalated to sixty seven hundred dollars this is an unlawful detainer and should notice that i was served this started. in. two thousand and eight i have been fighting my god oh please. i'm not come. my way out here today because i fight against the banks not. last year many of you were here and you know my my they were alone services when they foreclosed on

me after a two year battle to save my home by feel tings recent report that eighty park eighty four percent of foreclosures including mine have by glaciers of california foreclosures all the banks continue to foreclose any big families from their homes now i would like to introduce caroline k. . my day for that well for culture fighter. the last time you were here i took back my home after being displaced for nine months. i was in a four year legal battle against my think and all the banks that they sold my loan to on november first of last year with the support of unions community and ace foreclosure fighters i reclaimed my home.

as we progress on this journey to take back our neighborhood i want all of you to join me to occupy his home. town. and. well. technology innovation all the least of melanin still around russia we've got the future through covered.

choose your language. the consensus. opinions that invigorating. the stories get in.

reoccupied we're climbing for the people and we're kind of home probably for brother joe we understand that this year i hope to find a moment that is growing and we're telling people about you know lines of excelsior for all this city. to show. you what you know. now listen sometimes there's some gangsters and some.

swag some not i was. thinking. right now you. are. do you think. we should i live this. you. know i have zero. zero. zero zero. zero zero zero zero zero zero. zero zero zero one zero zero one. five what is. this this. or oh.

my god. yeah. yeah. yeah i'm i'm. i'm i'm. i'm i want to move back into my home. my family and i we've created and we are want to move back into my home from two thousand and eight to the end of this year will see two million homes in that situation in san francisco it's twelve thousand six hundred fifty five in this district in this area fifteen hundred and you know it's a smaller community but then tired district is about thirty five hundred and the fact that it's not a this is not a surprise this is a problem that's been going on since two thousand and eight two thousand and seven and it's like where we thousand and twelve you know and it's still

a problem. does that tell you you know it's like there has to be real political will there aren't enough laws to regulate the banks and you know they do whatever the hell they want. the u.s. banking system has considerable freedom indeed from two thousand and one to two thousand and eight one had access to a mortgage no matter your credit history or the reason why you want to do all the bank's board then aid. to transform loans into stocks to bet on the exchange market help with the security given by ratings agencies be easily transformed loans into financial security any kind of risk was dumped on the stock market and banks started a period of generous giving and easily accessible refinancing. and

here you have you know these loan programs that made it very easy to borrow money and you didn't have to qualify you didn't have to show the income and the government is saying help people borrow money make it easy for people to borrow money in the investment bankers are saying we can make a lot of money or people can borrow money let's relax all the rules so that so this is a standard what they call ten o three form it is a loan application that a client would complete when they're looking for a loan we go to the next page and we see where they put their income now as i said in the old days they would just write a number in there and the banks in some cases wouldn't even verify that that is actually the amount of money they made you know i lend you two hundred thousand dollars but you only have to pay an interest rate of one percent but the real cost of you borrowing might be four percent or five percent or eight percent so

there's this tremendous disparity between what you were paying for the loan and what you were being charged for the loan does about the size and the weight of the loan application from two thousand and one two thousand and one through two three four five six seven this is pretty normal this. is normal. and i think this is done on purpose the banks make it as complicated as possible in this transaction you may sign. i don't know let's say two hundred different forms that are forms that explain what you're signing and very few if any probably none clients actually read those documents but you don't have to do anything just sign here well maybe dad wasn't that well educated any signs of paper because the person who comes to the home is a very nice person says just sign here your payments will be one percent don't

worry about it and there are people that believed people like that and that is also true so there were people who were unrealistic every step of the way from government investment bankers greed on the part of the borrower ignorance unfortunately on the part of the borrower dishonesty on the part of the banks some of the people that worked for the banks that were in charge of making sure people wrote loans and made loans to people now because the bank had very little liability even though that bank made that loan that they knew was very risky where they may be lending one hundred percent of the value where they may be lending it to a person with bad credit where they may be lending it to a person who they haven't even verified their income they were turning around and within thirty days selling that loan to an investor taking away their liability so they made all their fees and their money upfront in originating the loan but

then had very little at risk because they were able to package all these loans selling to investors. and that's that's the reason why they made them that's the reason why the thing went wild during that period and you know it's it's the big mortgages and i'm not not mortgage but the big institutional banks that package the soul of the international investors europe was definitely in impacted by buying these. what were supposedly safe investments because they were backed by homes and or real estate in the united states but they weren't safe because they they were done so so poorly.

i. love hats the last says conflict lord but i want to. find out. what it. was. that was. the. mild of. the tongue. out of my mouth at the bottom of it. so that the phenomena of the hour the time. that she would write it comes with the clock to work with. but even though at the bottom of it. funded by the bottom. there was

no ha. ha ha ha ha. ha ha ha ha ha ha have. got a story. to us the thing that is strange is that nothing reaches us no letters no warnings just today they bought your house and you have to go but nothing has arrived. the world cup. broke up the truck. or car across. the limo told us we have all the evidence documents less. terrorists that we have sent to modify the loan that the bank suddenly sold our house during the process they never said no or yes so you will not be just sold it i mean.

that's. how. our. i know what i know i am not. i'm. going to. gene agreement is the director of the center for responsible lending a financial consumer protection agency to task evaluating which financial

instruments are unfair to the client after talks of mortgages gina green and her center are now interested in irregularities made by banks in foreclosure procedures . so we're in east oakland we're in the neighborhood east oakland hills it is a predominantly african-american community. and it was really you know this is one of the neighborhoods in oakland that was really rocked by foreclosures in fact heald notice in california that african-americans and latinos were disappeared. actually affected by the foreclosure crisis the assessor filtering in san francisco he did it he took a sample of loans and looked at them and found that they had widespread problems that's just a sample so if we were to actually look at the entire universe of loans we will

probably find comparable statistics for the whole and many people might have been erroneous lee foreclosed upon so what that means is that folks who have been displaced who have lost their homes who have had to move in to relocate might not have been required to do that they might have been able to stay in their home it's really dangerous when we think of from my perspective one of the things that i'm often troubled by is that five six years ago. the marketplace was churning out these really bad loans and now they are churning out foreclosures and with the same disregard you know those loans they made in two thousand and ninety nine should never have been made and now are having foreclosures that should never have happened. wells fargo is one of the five largest u.s. banks involved in the mortgage scandal recently it's been accused of racial

discrimination by the city of baltimore for forging the records of many of its african-american customers. i.

preparations for the first woman cause when it was strictly classified. even her own mother knew nothing of the imminent extraterrestrial voyage during his second goal which there was a terrifying and unexpected. one wrong move and the secret never. regulus lee survived an assassination attempt some thirty five right at my side of the car nine bullets were found on the my seat. valentino to discover she got a space odyssey. i would rather ask questions for people in positions of power instead of speaking

on their behalf and that's why you can find my show larry king now right here on r.t. question more. hands when he says you're ready to find it's him in the raising of her family. who is usually. a a a a a family or national. community is uniting. the seriously really it will. last. a day

a over here he knew he had an interesting needle here this. morning and even. as you will. be writing. a run.

turkish bride police break up large crowds of protesters and tear gas at this office of prime minister of the one an end to the ongoing protests within twenty four hours. unflooded but undefeated not strikes on rallies are held in greece this against the shutdown of the state broadcaster to cut costs journalists are continuing their work on the sidelines by doing it online. i say ronnie and so preparing to head to the polls on friday we look at how the presidential race in the islamic republic is rather different from that of the rest of the world.