anyway. this time in. hope i live a bus like that. so. well with the. five months

six months that will s.r.o. stands for single room occupancy and for instance if you turn around. right here this is a mess sorrow this is an s.r.o. . sometimes are called manor sometimes are called hotel but really what they are where housing of poor people people live in our sorrows because they can't afford to live any place else san francisco is one of the most expensive places. in the world and certainly the contrary in the shelter when we. we once get in it's six pm and the afternoons. case. it's a six pm there for get in. there if you want to get in

more airlie you can. that's the rule and you can wait. if you need so where else. eve feasts raining if. you can stay there. if you go six forty. this stuff they will going to park is the rules for the show to. get in the six pm get out six six. to let them out with. a so this is the inside of an s.r.o. and what you should know is that this recently underwent motivation and so what you're going to see is actually a little nicer than what most of songs are brought 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 to 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 brawl that. is. my shoes.

nick let's let the baby. is healthy yeah. had made it. in ahead of us. here is a shower. maybe you are twenty five people have to share this shower. that bathroom as well as the other brass the. could you live like this. for you know ten years fifteen years twenty years with a family. before the shelter i lived in the. two fifty five. and up but the man to take. to

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 i get so money fifteen hundred dollars 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 and sometimes i feel like crying because i don't like nothing thanks. i don't like to walk around all day was the kid sister called me. nobody chooses to be homeless nobody chooses to me and has sorrow.

this is termed story ok and yet you know supposedly the worse name words in the city if you come down here oh. that's about maybe. a mile and a half away. that's not bill some of the richest people in the contrary live on top of that hero just a mano and a half away from someone for. to

queue for home. this month to. the fact that they have it. over back then what you need bytes and i just put their appeal funny though and how they're going. to come in and fight them in numbers. this. had to be. known that. nobody knew nothing about. and these. this overseas government then may you know you know i would that. i would this. think in the thing that for them to put some families on that. you know that is the name of the girling. so

there's problems with livered our sorrow that have to do where is the health of the people that live in that 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 will still have hope because. i'm so tired of this. let me you're still around with 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 there is 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 sub 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 fix should notice that i was served this started. in. two thousand and eight i have been driving my god oh oh oh oh oh oh oh oh oh oh oh oh oh oh hey i'm here today because i fight against the banks it's not. last year many of you went here and you know my my they are alone service is when they foreclosed on

me after a two year battle to save this but i feel things recent report that eighty poor eighty four percent of foreclosures including mine had 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. . lifesaver 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 things that they saw 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. yet. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture.

wealthy british style. time. markets why not come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report on our. choose your language. holy week you know if. someone. chooses to use the consensus to. choose the opinions that invigorating to. choose the stories that impact the life. choose the access to your office.

the thing. that when you really occupy your climate for the people who were behind it from probably for brother joe we understand that this year i hope you find some movement that is growing and we're telling people of the view. of excelsior and for all this city. did nothing you are. now the same some bankers and some gangsters and some. some not i was. thinking.

right now you. are. so you. should know that i live this. you. know why i have zero. zero. zero. zero zero zero zero zero zero. zero zero zero one zero one. five going to. this this. for. you. actually. i'm. i'm i'm. i want to move back into my home. my family and i

we've created and we started our 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 then you know it's a smaller community but the entire 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. bank's board then able to transform loans into stocks to bet on the exchange market by the security given by ratings agencies they 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 to 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 wave of a 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 and 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 in impacted by buying these. what were supposedly safe investments because they were backed by homes in a real estate in united states but they weren't safe because they they were done so so poorly. i. love hats he last says the classic lord but i want to. find out. what it out

of what we've done. that. my mom has. the tongue. out of my mouth. the positive. image out of that position of it. was. right to come up with the club to work with the. exhibit even though it at the bottom of it began funded by the bottom. there was no ha. ha ha ha ha. ha ha ha ha ha ha have you. got a story. to us the thing that is strange is that nothing reaches us no lectures no warnings just today they bought your house and you have to go but nothing has

arrived. the world cup. broke up the truck. back up our car across. the limo both of us we have all the evidence documents lead. to show that we have sent to modify the loan that the bank suddenly sold our house during the process they never said we know you are yet so you will not be just sold it i mean.

that's. how. our. i know i know i. have arrived. i. am. 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 east oakland were 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 he'll notice in california that african-americans and latinos where does perform. 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 a 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. think the first impulse off and on was pretty much the same as the first impulse of assad that is to suppress to tell mr assad that was it was a dictate to act like a dictator mr other one has been elected to and he's acting in the wrong way but the don't come with the basswoods with syria it doesn't fly. dangerous experiments on prisoners they want to make money and they have to use healthy guinea pigs in the regular society they're not able to use prisoners i mean more they wish they could. drug tests on human guinea pigs. paid to pop deadly pails he didn't pass away he was killed.

he didn't pass away they let him down. is pharmacy really about helping people. welcome to teal one air you can feel at home. if there are three choices in life i first used to work in a mckillop live on a miserable way like a slave. the second is to jump the wall and catch the american dream. most of our guard and lose their lot of.

just as they come on a member of an organisation and get inside the drug trade. to buy something will never forget. a. group of mine who did it but i paid for what i've done i would never stop a. commission free accreditation free transport charges free. three. three. three. three both.

police and protesters from reaching square off to forcefully flushing out. the white house says it will put lethal weapons into the syrian rebels and contemplates a no fly zone as he says the red line has been crossed a decision that could see dramatic twists and turns in the course of the two year old civil war. this week for washington's war details and its global surveillance to the public with america's closest allies and partners alike. plus we have from with a song. the whistleblowing community has been affected by aids.