this time in. hope i live with us again. so. with the. five months six months it 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 this is where housing of poor people people live and how sorrows 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 shelter when we.

we once get in it's six pm in the afternoons. case. it's a six pm there 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 good so where else. he feels straining it feels so close. you can stay there. if you go at six forty. the stuff they all will going to plan is the rules for the show to. get in the six pm get out six six they have. to lock them up with. so. this is the inside of an s.r.o.

and what you should know is that this recently underwent reservations so what you're going to see is actually a little nicer than what most of souls are but just 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 imagine 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. nick let's put the baby. is healthy. and 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 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 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 oh a bad sometimes i feel like crying because i don't like nothing thanks.

i don't like to walk around all day with the kids in the cold me. nobody chooses to be homeless nobody chooses to be in and sorrow. 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 model and a half away from some part. to

queue for home. this month to. the fact that they have it. over back then but you need advice and i just went through he'll only do and how they're going. to come in and fight them in numbers. this is. i have to. assume that. nobody knew nothing about. and these. this overseas google and then may you know you know

a little bit. of this. i think in the last thing the further to put some families in that. unit is that look inward the. golden state so there's problems with livered our sorrow that has to do with 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. but you still have hope because. i'm so tired of this. now. let me you're still something about that. that's what i call it one thing 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 that i am i don't understand exactly how that works.

i have no idea. no notion of sort of crime bending rates or predatory loans or what they were by mortgage companies. to take a refinance because i have failed back on my mortgage payment so my payments escalated to sixty seven hundred dollars this is an unlawful detainer and eve fake should notice that i was served this store it is. in. two thousand and eight i have been driving 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 went here and you know my my they are alone service is 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 donations of california foreclosures all the banks continue to foreclose any big families from their homes now i would like to introduce caroline k. . why they have fell 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. yes. i'm. interview.

we speak your language i mean some of the will not advance. the music programs and documentaries in spanish more matters to you breaking news a little tentative angles kidney's stories. then try to alter the spanish find out more visit eye to eye with.

more news today violence is once again flared up the first thing these are the images kobold has been seeing from the streets of canada. giant corporations are all today. the oath the obama. the things. that we really occupied we were climbing for the people and we're

kind of controlling for brother kato we understand that this guy find a movement that is growing and we're telling people of the view. of excelsior for all this city. to show. you are. the same some bankers and some gangsters and some. think looks like. this. right now you. are saying they. are do you think. we should live.

i have zero. zero. zero. zero. zero zero zero zero zero zero zero zero zero one. five. this is this i must ask for. was. actually my 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 started our want to move back into my . own 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 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 twenty 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 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 if more people can borrow money let's relax all the rules. 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 nothing but 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 paying 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 in impacted by buying these. what were supposedly safe investments because they were backed by

homes in a 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. six lord but i want to. find out. that it was out of fun or. that.

my mom was. the to. the to my mom. at the bottom of it. so many times that the phenomena. that she writes that comes with a lot of the work was. good but even though it is the bottom of it. but it was about the bottom. there was no ha. ha ha. ha ha cars. that have. got a story and two was 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. the world cup. broke up the truck.

the crack of her car across. the limo told us we have all the evidence document slow. tears that we have sent to modify the loan that the bank suddenly sold our house during the process they never said we know or yet so you will not be just sold it i mean. that's. how. our. i know i know i

have never lived. i'm brooke. baldwin and. i'm in. jena greene 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 a 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 despicable. 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'll 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 you know 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 was 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.

after costing trillions of dollars charge for fighting personal freedoms and ingratiating when seeking corporations can anyone claim the u.s. in the world is any safer from the city as plants of terrorists what is the difference between an act of terrorism in western style humanitarian intervention. to. this point. and you try to transmission makes for a smoother ride bush and scientists could crystal's the e.u. says he's laser sight sometimes on one of the take giants comes to. the update on. the central. heating.

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that speak. to. her. i wish i was. a locksmith good luck. good luck just sleep. and i'm a. little mouse bottom a little. fifth. in his secret laboratory makes him a curry was able to build the world's most sophisticated robot which will unfortunately doesn't give a darn about anything tim's mission to teach me the creation of life should care about humans and. this is why you should care only.

edward snowden's legal limbo could be drawing to an end with the n.s.a. leaker to get the papers he needs to leave a moscow airport transit zone and officially. anyone who's willing to hold us in advance to take on this time and we're willing to accept him whether he looks like bin ladin what he looks like look we challenge a free syrian army representative groups accomplices as al qaeda linked militants hold around two hundred civilians hostage in syria. and the u.s. will finally hold long hearings for dozens of guantanamo bay in maids while eighty six others cleared for release still unable to leave the press.