Richard Neiman
Richard Neiman, superintendent of banking for New York State, speaking on the Drum Major Institute's panel on progressive public policy solutions to predatory lending and unnecessary foreclosures.
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October 11, 2007
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The NY Times has an article this week on the sub-prime credit card industry. Now that the housing market has tanked the sub-prime mortgage lenders are aiming to suck the last dime out of the same target group.
One credit card charges a $200 annual fee and has a $250.00 spending limit. Works for them.
Posted by: Lesley | October 11, 2007 at 08:51 PM
I don't know much about regulation of banking practices, but my sense is banking and mortgages are almost universally predatory and usury.
Look up "fractional lending" and you can see why bankers are laughing all the way to the bank.
The financial sector adds nothing of value to society. Their leeches and suck the wealth from working people.
Posted by: SanderO | October 12, 2007 at 10:41 AM
He has cow eyes.
Posted by: Jon H | October 12, 2007 at 11:02 AM
Just curious why you didn't acknowledge there are 2 people in that photo? Is he a household name, moreso than her?
Posted by: Mary | October 12, 2007 at 11:39 AM
On the left is Sarah Ludwig,of the Neighborhood Economic Development Advocacy Project (NEDAP). On the far right is the Hon. James Sanders, Jr., the New York City Council member for Laurelton, Springfield Gardens, Rosedale and the Rockaways (District 31).
The rest of the picture gallery for the DMI Marketplace of Ideas on combating predatory lending and foreclosure is here.
Posted by: Lindsay Beyerstein | October 12, 2007 at 12:07 PM
The financial sector adds nothing of value to society. Their leeches and suck the wealth from working people.
yeah fuck the future what did it ever do for anyone, anyway
Posted by: perianwyr | October 12, 2007 at 06:31 PM