true. it was. in the services go. through. this. was. was. was. try show for courage and began research then for the area. right we are going to come and. was foul was foreclosed on september first and two weeks ago they put

a note on my wild party saying that it was abandoned and vacant and that they were going to ten of the water showed up here. in two days. they can because they would never meet with him to let me know on the door four bedroom on the first floor the main floor and this is the floor and that there is no go home or apartment in this. states. you. see i did only tiling myself also and to school apartment upstairs dislike for bedroom on this floor this is. there was nothing. destroyed there was one here in the back that the two film i bought it in one thousand nine hundred seventy or eighty thousand dollars and. their land. under

the house is worth half a million because it's rezoning. and it is very typical. when we have been for clothes we feel guilt we feel shame we feel inadequate and inferior thinking gee how come i couldn't take care of my finances knew better how come i didn't learn why did the. brokers made more money steering borrowers and to loans that cost more to risk your loans made for a better return and so there was no reason for them to give someone a decent loan when they could make so much more money giving them a bad one a lot of us do not understand the nice trade language. three defined prints

especially you know people why we carried what is able like. this that i am although. in our academic education. it becomes difficult at times to read all the specifics about very complicated the. precision of the two thousand and six. return of title. to mission locate it is sad. so the property is initially mine is back in my hands. see the trash signed in.

two towns. please. than now is not the american dream now no. not for me if i have the money i go back mexico i don't know just in

a movie by will smith caught a pursuit of happiness we use myself to what is no border so my son might not be i'm not i don't think it'll be a cell phone like that before dad kindly crashed we had a good jap and we pay our baby is like everybody else like you know do you guys have an x.-ray car but when the climate crashed i lost my i have and i had dad and i may have enough money to pay my bills so i came here i think a. couple bought a week or so before christmas and that was very interesting too because it is christmas and we got a present for my son i did think i was a good critic good of my follow we now call him a streak we walked out store right around a corner. you got people feet on the ground that's homeless to me that's sad

outside so i might sonny but last week we both know we hopeless but not really we got it we got to still be here don't but you know what what have the we lost the family hall i wish they were brother from the wow did not you know company here so. i'm here my two kids are. kind of tired of this situation they had really wants to have their own place. and. i did my best to get in a. letter when i go back turner's enter the us saying dad is getting a brownie and. everybody goes is not i want to get a house for them around is now that is syrian army yeah you know. it's you know. i'm like something's gotta love it i don't want to know what i was going.

on move for my kids. i still believe in the american dream because without a vision the people will perish. so i still believe in in the dream i'm living the dream i'm back in my home and i'm fighting for others to stay in their homes as san francisco they have a waiting list of twenty seven thousand people i'll say that again they have a waiting list of twenty seven thousand people you know i have a nothing but respect for president obama but you know. it really needs to provide some real hope and some real alternatives to people that have done nothing wrong i don't do drugs he doesn't do drugs you know we're clean we're respectful were intelligent human beings so why do clean respectful intelligent human beings

have to live in one room for the rest of their life for the majority of their life rather than our own you know i'm upset and i just say this they all you know i don't know if you ever heard of the plantation then a mix when people have been reduced to slavery and then exploited and all their life some of them sway away from war and i mean that's what we suffer from in all poor neighborhoods of color in the in the in the nation is the deep psychological trauma that the plantation mentality and so. it's actually part of what they call the matrix of willie brown who is a former mayor who was. a grad mayor back to totally sold out to the system as soon as you were elected in no book no hard play trust fact t.v.

because when he was elected my son was a black man did a block party here to celebrate the first black mayor of the united states and as soon as he was sworn into office he made the statement i do think that change fee cation is a bad idea for san francisco and he sold us out to the developers right and. they were a man is doing things that are not to have me the class people so like everybody says and the people who work in our government and big business dave . in two thousand and eight pounds of cards collapsed. we learned that mortgages had been sold to people who couldn't afford or understand. banks and made huge bets and bonuses with other people's money. regulators that looked the other way or didn't have the authority to stop

the bad behavior. it was wrong. it was irresponsible. and it plunged our economy into a crisis the put millions out of work saddled us with more debt and left innocent hardworking americans holding the bag for years jennifer fried inbox has been assisting in organizing the new poor created by the ambition of a financial system without rules she's the director of the coalition on homelessness a center for the protection of social rights so typical day we might be you know having meetings with homeless people do it outreach and talking to folks working on media communicating with people via e-mail maybe trying to go down to city hall and try to you know like right now are working on legislation that there really should teach them are we doing this is the richest country in the world or just feel like. we're against poor we should have

a perfect day for what you know we are the poorest in the word just really i mean. they are of course by leaving. us to serve closely but she. sleep on the street all right we'll tell you six thousand. people could be night. on. the public house twenty two thousand people mom. tells me right now that none of these people in because i don't know what iraq is because it's more important. i think that's ridiculous though there's no exact numbers on how many people exactly are homeless in san francisco but the latest homeless count showed there was around six thousand at a point in time count but it undercounted families there's probably another two thousand families on top of that another couple thousand news so we know that there's about twelve thousand every year that are trying to seek shelter in san

francisco so we don't have exact now. but you know somewhere between six and fifteen thousand people without a regular place to call home. you know sometimes you see a story and it seems so for langley you think you understand it and then you

glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm trying hard welcome to the big picture. choose your language. of choice we can with oh if you had real going to say still some of us on how to. choose good music concerns you are going to choose to opinions that invigorating who. choose to stories get into a good life choose the access to your office. wealthy british style. expert on the.

market. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines. download the official. language stream quality and enjoy your favorite. if you're away from. any time anywhere.

however the recession we had this huge surge where we had a tripling in the number of families who are on the wait list for shelter that reached the highest point ever about a month ago we had a increase in the number of people who were single adults who were homeless about a fifty percent increase there we have about sixty percent of all the people right now seeking shelter are homeless for the very first time in the united states especially of plays a very central role because it's this very much this culture where if you just work hard you can get ahead and that there's this idea that if they. aren't able to get ahead that it's their.

but they have missed a lot of processes think there's been cases where people we've talked to where people are even given a foreclosure notice and they get evicted or the house is sold an auction they don't know anything about it and so you know that's illegal however there are many of these laws unfortunately. are there are several violations so there's no regulation around them from the banks to whatever the hell they want about

a month behind at that point with aurora loan services and i really approached them with the little effort to find out what were my options so what they told me i should do is to they offered me a loan modification of september it was a friday it was about two thirty after you know never forget it actually was two thirty four to be exact i read zachary that. i had caught any lawyer. and i said where is the paperwork that you're supposed to be sending me that says that. the cell date was stopped. and she told me. that the sell date was solid now september thirteenth huge

and tell one day i was getting ready to leave the city for a few hours and my phone rang and they told me justifying tolbert as say i am we say we are the new owners as he used what they say we are the new owners i thought it was a bad dream us up that i would try to get myself to wake up here they sold the house to. the new owner and the new owner. what i had left to go as i said i'm a day care provider i went to drop all of my granddaughter to school when i came back i saw a lot of people standing in front of my gate where they had changed a lot so my gate i could not get into my house. with the increase of insolvency procedures coming on to the desks of bankers credit institutions decided to take a much shorter and easier way to deal with the amount of paper robo signing with

this method they were able to fake signatures needed in documents to proceed with foreclosure practice they can do all this without even looking at the papers every bank when they're going through foreclosure have to go through a process right in their laws that actually. they don't monitor but there are laws that they're supposed to abide by however most banks are don't follow by that because there are so many foreclosures that they're doing at the same time one of the big ones is something called robo signing. what they found. there were potentially thousands of foreclosures that were simply

just being rubber stamped with no evaluation of the documentation or. the note maybe the foreclosing party didn't even have a right to foreclose so when that broke in the fall of two thousand and ten when that story came out everyone to know we've got to stop the foreclosures because we don't know if these are right from foreclosures or were actual foreclosures because no one's reading the paperwork. so we're here to defend the right to housing which is why we've had a campaign against wells fargo in the big banks have been foreclosing on people.

was. going to. work here today is january twentieth and we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here that have been organized in struggle here in the city for their rights for housing rights for tenant rights for all sorts of things before the occupy movement really coalesced like last year.

you're. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement it was altered in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now we've got and was an investigation and a recently announced a national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all of the homes that have been us.

and to know that some many of them may not only have been lost due to loans should have never been made but they're also due to for closures that never should have happened. after the wave of junk loans new forms of debt have arisen. you can find payday loans are everywhere in the poor areas of the city these are small loans to be repaid within two weeks and are backed up by a salary or welfare check. the annual interest rate is more than three hundred percent they're more than twelve million americans trapped in this form of loan advertised as a simple and quick solution. but

i think that payday loans are particularly. attractive for people who are living paycheck to paycheck because they're everywhere they're easy to get you don't have to go through a credit check and it seems very simple but the problem is that the entire mountain is borrowed is june in two weeks and so our problem with payday loans is that interest rates are extremely high three hundred sixty percent four hundred percent four hundred sixty percent really high numbers. low pay and so many lenders get financing from banks and what we've seen happening lately the last few years is banks actually offering payday loans themselves so wells fargo which is headquartered there and says go u.s.

bank third bank these are all banks that offer should pool digit interest loans to their customers and essentially it works the same way as a payday loan you go where no credit check they put the money directly into your account and then as soon as you get a direct deposit they take everything out. and if it looks like a you know we say in this country that looks like a duck and it quacks like a duck it's a duck and so you know these banks are offering ascension in what amounts to a payday.

will be very. very. very for. you. thank you. thank. you and i think. seriously very very. thank. you was nice to me in. giving. you actually move the move.

i think the first impulse was pretty much the same as the first impulse of asadabad is to suppress the color of the song that was it was a big day to act like a big mystery out of the one has been elected and he's acting in the wrong way but the don't come with the basswoods with syria it doesn't fly. please.

lend. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. corporations are ruled a. lead. olympos . lynn.

goodspeed. her. mother will. look. things up so good. luck listening to. her. tell me. a little. wealthy british scientists some time to look for. markets why not scandals. find out what's really happening to the global economy in the kinds of reports.

so.

breaking news an explosion reportedly rocks the syrian syrian capital in a neighborhood with numerous embassies and a military airport as washington is considering sending lethal arms to rebels and imposing a no fly zone over the country. smoked out with tear gas flushed away by water cannons turkish police resort to harsh methods to keep defiant anti-government protesters out of his temples taksim square. other stories that shape the week after exposing the u.s. secret service helensburgh cia whistleblower edward snowden remains holed up in hong kong expecting washington's retaliation. and iran's new president hassan rouhani promises a new mom.