room occupancy and for instance if you turn around. right here this is an s.r.o. this is an s.r.o. . sometimes are called manor or sometimes are called hotel but really what they are where housing of poor people people who live in houses are rose 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 day for get 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 to go so where else. if east raining if. you can stay there. if you go six forty. this stuff they will go in the park is the rules for the show to. get in the six pm get out six six see if. they'll let them out with. a so this is the inside of an s.r.o. and what you should know is that despite recent lee underwent motivation and so what you're going to see the is actually a little nicer than what most of those are but this will 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 imagine 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. nick let's for the baby. is healthy.

and medicine. and ahead of us. here is a shower. maybe like twenty five people have to share this shower. 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. in the florida shelter i live in the. two fifty five. and up but the man to take. to a. little space this. studio led to

so spencer because his in the from the city college. 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 sorrow.

this is termed 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 the real some of the richest people in the contrary live on top of that hill just a mano and a half away from someone for. thank you for a home. this month to. the

fact that they have it. over back and the units that bites and i just went through he'll only do and how they're going. to come in and fight them in numbers. this olympics. i have to. own that. nobody knew nothing about. and these. this overseas government then may you know you know a little bit. of this. i think in the last thing that for them to put some families in that. you know that is the name of the glowing golden state so those problems with livered our sorrow that have to do with the health of the people that live in them

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. five months all day every day. but still have hope because. so tired of this. let me you're still somebody that. that's what i. think 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 then there's nothing but rich people there 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 of 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 eve fake should notice that i was served this started. in. two thousand and eight i have been fighting my god oh. my god oh my god i'm here today because i fight against the banks not home. and last year many of you went here and you know my my they were alone services when they foreclosed on me after a two year battle to save my home but i feel things recent report that eighty poor

eighty four percent of foreclosures including mine have by donations of california foreclosures all the banks continue to foreclose any big families from their homes now i would like to introduce caroline gate. my day for that well foreclosure fight or. 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 this home. yet.

choose your language. clearly we can without any financial system still some. choose good consensus. choose the opinions that you think. choose to stories get in your life choose for access to. wealthy british style stock.

market. come to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser report on our. preparations for the first woman was strictly classified. even her own mother knew nothing of the imminent extraterrestrial voyage during his second tour was a terrifying and unexpected emotions. one wrong move under siege may never have returned. she laid some of the regulars least survived an assassination attempt.

five right at my side of the car nine bullets were found under my seat valentino. siegel in space policy. the thing. that we really occupied we were climbing for the people who were

behind it from probably four brother kato we understand that this year i hope to find some movement that is growing and we're telling people about you know lines of excelsior for all this city. did nothing you are. now the same some bankers and some gangsters and some thing. some nasty. thing. right now you. are shamanic. do you think. we should i live this.

i have zero. zero. zero. zero zero zero zero zero zero zero. zero zero zero zero zero zero one. five what is. this this. for. you. actually i'm i'm. i'm i'm i'm i want to move back into my home. to home my family and i we've created and we 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've thousand and twelve you know and it's still a problem. is 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 by the security given by ratings agencies basically 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 are pain for the loan and what you are 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 he 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 work for the banks that were in charge of making sure people wrote loans and made loans to people yeah. 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 sell it 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 impacted by buying these. what were supposedly safe investments because they were backed by

homes in real estate in the united states but they weren't safe because they they were done so so poorly. i. love hats the glass says the classic board watch i want to. find out. what it. was. that.

my mom. cut. out of my mouth. at the bottom of it. trying to take the shine of it out of the. right to come up with the classic work of the. exhibit even though it at the bottom of it. funded by the bottom. was not the. kind of. cars. that have. got a car and to us the thing that is strange is that nothing reaches us no letters no warning just today they bought your house and you have to go but nothing has arrived. for the world cup for. the truck.

back or her car across. the limo told us we have all the evidence documents. tears 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. i know. i know i know i

have never lived. i'm ok. i'm. going to. gina green is the director of the center for responsible lending a financial consumer protection agency with a task evaluating which financial instruments are unfair to the client after toxic mortgages gina green and her center are now interested in irregularities made by banks in foreclosure procedures. where in east oakland where 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 dispersed. actually affected by the foreclosure crisis the assessor felting 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 would probably fine comparable statistics for the whole the 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. our.

i would rather as 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.

compared to my maybe ramey and system is not the best but it's not the worst being there one should use that concentration to do one people and the best thing you can loosely translates which we cannot under the countries you. liberal live. under the speed. limit. with.

little good luck misleading good litmus. tests to lieutenant. colonel running mate better lately. so. let's. say.

it's. we're spying on the e.u. european nations angered about finding out about the u.s. secret surveillance program monitoring them as well the n.s.a. defending itself by saying it was preventing terror. riot police lash out at protesters in turkey after the prime minister orders an end to unrest within twenty four hours this as a fifth person confirmed to have died in the hospital. a massive media strike underway in greece where unions are protesting the shutdown of the state broadcaster as part of a cost cutting program.