this time in. hope i live a bus like that. so. well with the. five months six months it will s.r.o. stance for a 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 in the afternoons.

case. it's a six pm there for get in. there if you want to get in more airlie you can. best the rule you can wait. ok you need good so we're out. eve feasts raining if. you can stay there if you go six forty. there this stuff they will going to put out is the rules for the stove to. get in the six pm get out six six. don't 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 souls are but this will give you an idea. so. as you can see. it's not that big and 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. nick let's for the baby. is healthy yeah. and made it seem. 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. 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 my thanks. but i don't like to walk around all day with the kids in the called 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 heal some of the richest people in the contrary live on top of that hill just a model and a half away from some part. thank

you for a home. this month to. the fact that they have it. over back and what units bites and i just went through he'll only do and how they're going. you know i'm going to fight them in numbers. this olympics. have to. known that. nobody knew nothing about. and these. this overseas government then may you know you know i would that. i would be. i think in the last thing the further to put some

families on that. you know that is the look inward that googling. 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. of five months all day every day. that will still have hope because. i'm so tired of this. let me you're still about 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 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 as hell i don't understand exactly how that works.

i have no idea no notion of some private bending race or 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 fighting my god oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh yeah here today the cops are fighting against the banks it's not home. and last year

many of you went here and you know my my they already loan services when they foreclosed on me after a two year battle to save my home by field things recent report that eighty par eighty four percent of foreclosures including mine have 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. . my day for that well for college if either. of 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 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. your government is still persisting in honoring besides that most people around the world would have absolutely no confidence and one argument here is that the reason the rebels have become jihadists and of accepted money to check how these fools

have been associated with that is precisely because the west is not prepared to provide them with weapons. that judges a sense of son. killed on the streets. that women kidnapped and converted to islam but. will there be another layer of moses for the coakley christians of egypt to the cross to the future victims. the way of the cross see. the interview.

reoccupied. we're kind of for the people and we're kind of home probably for brother kato we understand that this year i hope you find some movement that is growing and we're telling people about you know lines of excelsior for all this city. to show. you what you

have. now listen to some bankers and some gangsters and something. i'm not. thinking. right now you. are saying. do you think. we should i live this. i have zero. zero. zero. zero zero zero zero zero zero zero. zero zero zero one zero one. five one to. this this.

or oh. my god. 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 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 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 a four week 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. well to transform ali's into stocks to bet on the exchange market help with the security given by ratings agencies these really transformed loans into financial security so 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 not a minute 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 law 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 it's a 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 you 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 investment 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 last says conflict lord watch i want to. find out. what it. was. that. my mom. cut. out of my mouth. at the bottom of it. so many times that the phenomenon. that she writes it comes with a lot of work with a. little bit but even though it is the bottom of it. but it does provide the

bottom. there was no ha. ha ha. ha ha ha ha ha but it was happy to get her out of her and to us the thing that is strange is that nothing reaches us no lectures no warnings just today they've all your house and you have to go but nothing has arrived. the world cup. broke up the truck. back at her car across. the limo told us we have all the evidence documents. to show 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. our. i know what i know i have never bought. i am. going to. gina green is the director of the

center for responsible lending a financial consumer protection agency with the task of valuating 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 . so we're at east oakland we're 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 despite the. 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 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.

that's. a really. live. live.

live. live. live. live. live.

if. the fierce confrontation between the gyptian army and the muslim brotherhood turns bloody more than seventy people are confirmed dead in cairo clashes each camp blaming the other for inciting the violence. stories that shape the week right here in our t.v. it's still transit limbo for edward snowden he's waiting for paperwork that will allow him to leave a moscow airport amid fresh threats from washington. the syrian national council agrees to take part in a peace conference but first demands that assad step down and ask the u.s. to ship arms to the opposition this has divisions within the rebel camp highlights the possibility of internal strife.