In a move that could have repercussions on the fracking industry nationwide, Manchester in northwest England has announced that it is effectively banning the practice.
collateralized debt obligations
In today's bailout economy, bad bank loans are shifted onto the public balance sheet as wealth is siphoned off to the top of the economic pyramid.
"When I saw that fraudulent paperwork was being filed in order for Wells Fargo to expedite a foreclosure against our property, I knew then that the courts were failing our society."
The elements of the next crisis are being put in place at this very moment by some of the same people and institutions that brought us the last one. In the meantime, we've seen no reckoning, no apologies and no serious changes to the laws.