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tv   Documentary  RT  July 24, 2013 11:30pm-12:01am EDT

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markets why not come to. find out what's really happening to the global economy with max kaiser for a no holds barred look at the global financial headlines tune into kinds a report on our. he he. he. he.
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tracked harvey out on. rest. we know. that if you. are we go. through. your. every ferric. bank and that's never just go. ahead joe.
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oh. no transition for the fan than for the area. where very nice i am and. powell was foreclosed on september first and three weeks ago they put a note on my property saying that it was abandon and vacant and that they were going to turn of the water shed of the t.t. and change the auction two days overseas now they can because they will never meet with him to let me know on the door for bedroom on the first floor the main floor and therefore. there is no gold apartment in this. states.
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then you have a view. here i did the retarding myself also and. like the apartment upstairs this is like four bedroom on this floor this is. there was another at the store there was one here in the fact that they took down i bought it in one thousand nine hundred seventy or eighty thousand dollars and now. the 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
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guilt we feel shame we feel inadequate and inferior thinking gee how come i couldn't take care of my finest as nigger how come i didn't read that line why did our progress in eight. 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 home when they could make so much more money giving them a bad one. verse to not understand their needs trade language. redefine prince especially you know people while we carried away is able like i am will our elders like i am although. in our academic education. it becomes difficult at times to read all the specifics about very complicated
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documents. were plentiful rescission of the two thousand and six cent call and return of cairo. to mission will it is saturday. so the property is initially mine is back in my hands. see the church signed it found two thousand.
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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 a movie by will smith caught a pursuit of happiness when used in a shelter would have 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 kind of the crash we have a good gap and we pay out of me it's like everybody has like you know you guys have
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an x. rated cat 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 didn't think i would a good christmas good i might follow we not called on the street we walked astore right around a corner. you got people feet on the ground that's homeless to me that's sad as cold outside so i might we bless we we both you 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 home i wish they were brother from the wow did not you know company here so. i'm here night two kids are. kind of tired of this situation they had really wants to have their own place. and.
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i did my best to get in there and they. then when i go mark turner is shown to us saying dad is getting up around here. everybody goes there's not i want to get a house for them around is another is syrian army yeah you know. it's you know. i'm like someone's gonna love it and i want to know what i was going. and move for my kids. i still believe in the american dream because without a vision the people will perish. so i still believe in him the dream i'm living the dream i'm back in my home and i'm fighting for others to stay in
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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. and 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 haven't heard of the plantation then a mix when people have been reduced to slavery and then exploited and all their
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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. is 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 a book my heart with trust fact he read 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 gentrification is a bad idea for san francisco and he sold us out to the developers right thing and. they were a man is doing things that are not to me they're class people so
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like everybody says the people who work in our government business day. in two thousand eight hundred skull axed. 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 had 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 freakin box 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
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homelessness a center for the protection of social rights so typical day we might be you know having meetings with almost people doing 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 they're really teaching come on. this is the richest country in the world or. just feel like. we're against poor we should have a perfect class or like you know we are the poorest in the we're just really i mean . they are of course by leaving. us to. their cars and that she. will sleep on the street all right we're going to. be good
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night. we come with a list of lookouts twenty two thousand people. do the housing right now not for these people and because i don't know what iraq is because more important. i think that's huge 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. wealthy
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british style the sun. spot on the front of.
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the market why not come to. find out what's really happening to the global economy with mind stronger for a no holds barred look at the global financial headlines tune into kinds a report. if it possible to navigate the economy with all the details such as dixon misinformation and media hype you up to date by decoding the mainstream like states if in your ranks.
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download the official location to yourself and choose your language stream quality and enjoy your favorites. if you're away from your television all it just doesn't go about with your mobile device so you can watch on t.v. anytime anywhere. however at the break of 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. i mean 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
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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 if people aren't able to get ahead that it's their own fault.
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but they have missed a lot of processes like 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 in auction they don't know anything about it and so you know that's illegal however there are none of these laws unfortunately. are there all civil violations so there's no regulation around them and the banks do whatever the hell they want about a month behind at that point with the rural loan services and i really approached them with the moon 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 me after not never forget it actually was two thirty four to be exact i read zachary that.
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i would call them the 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 well september thirteenth q. . 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 the i am a we are the new owners to you what they say we are the new owners i thought it was a bad dream us up that i would try and hit myself to wake up here they sold the house to. the new owner and the new owner. when i had
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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 of i saw a lot of people standing in front of my gate where they had changed the locks on 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. followed by that because there are so many foreclosures that they're killing at the same time one of the big
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ones is something called robo signing. what they found instead. 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 today whoa we've got to stop the foreclosures because we don't know if these are right or want to foreclosures because no one's reading
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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.
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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 and that have been organized in struggle here in the city for their rights for housing raids for tenant rights for all sorts of things before the occupy movement really call us like last year. 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
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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 there was an investigation and a recently announced the 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 of the us. and to know that some many of them may not have only been lost due to loans should have never been made but they're also due to foreclosures that never should have happened. after the wave of junk loans new forms of debt have
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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 there more than twelve million americans trapped in this form alone 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
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interest rates are extremely high three hundred sixty percent four hundred percent four hundred sixty percent really high numbers. well paid and some had a 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 us bank third bank these are all banks to 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
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a duck it's a duck and so you know these banks are offering essential one in arms to to pay . goer.
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i would rather ask questions to 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.
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than. more news today violence is once again flared up from the spring these are the images the world has been seeing from the streets and canada. trying to look for a shelter on the day.
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edward snowden could make russia his home but still lacks the paperwork to walk out of. the u.s. whistleblower is still waiting for a decision on his asylum application. the n.s.a. phone data collection program snowden exposed it will stay in place. already rejects legislation that was aimed at curbing the government spying activities. at. northwestern spain killing at least sixty and injuring more than one hundred in one of the worst accidents in decades. and the u.k. launches an ad campaign to persuade illegal immigrants. for advice on how to legal .

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