I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Democratic candidate for governor Virg Bernero highlighted what he called unfair mortgage foreclosure practices at a press conference with Holt resident Bill Krieger. Krieger, who is a captain in the National Guard, received a letter from JP Morgan Chase notifying him that he was facing foreclosure. The problem? Krieger had never missed a payment.
Michigan Attorney General Mike Cox has weighed in on the growing concerns about foreclosures and the associated documents. However, a spokesman for the AG says the calls by two members of Congress and Democratic gubernatorial candidate Virg Bernero for investigations are “politicizing the struggles of Michigan families,” reports the Associated Press.
Activists from religious groups and labor organizations are planning to simultaneously withdraw all of their accounts from a major bank to protest that bank’s refusal to agree to a two-year moratorium on mortgage foreclosures despite receiving billions of dollars in taxpayer funds during the bank bailouts. The Detroit News reports:
LANSING — Mayor Virgil Bernero on Monday called for a foreclosure moratorium and said he plans to marshal the resources of the city to assist a woman whose foreclosed home is slated to hit the auction block on Thursday morning in a sheriff sale, the first step toward losing her home. Bernero said he was [...]
A group of activists who have called for a boycott of JP Morgan Chase and other banks that received billions of dollars in federal bailout funds to stay alive but are refusing to help Chrysler survive by restructuring their loans to accept equity instead of cash may have found an ally in Michigan Gov. Jennifer [...]
With the May 1 bankruptcy deadline fast approaching, there appears to be little headway made in getting the major banks that hold Chrysler loans to agree to restructure that debt to help the company survive. The New York Times reports that the banks are pushing back in negotiations with the Treasury Department and the automaker [...]
The Wall Street Journal reports that negotiations between Chrysler, the Treasury Department and the major banks and companies that hold secured debt in the company are not going well. Neither side, it appears, can agree on the true value of either the company or the debt:
A group of activists is joining forces to urge Michigan residents to boycott JP Morgan Chase, a bank that holds a large amount of debt in Chrysler and refuses to allow the automaker to swap equity for debt in order to help them avoid bankruptcy and stay alive. The group includes Marcy Wheeler and Jane [...]
Marci Wheeler has a post at Michigan Liberal citing a Wall Street Journal article (subscription only) that discusses how JP Morgan has refused to offer the same kind of debt swaps to Chrysler to help them survive that Morgan has received from the federal government. And JP Morgan is not alone. From the WSJ article:
In the recent bailout of U.S. financial institutions, JP Morgan Chase was given $25 billion by us, the American tax-payers. The hope, at least as it was expressed to us by our legislators, was that with this money the company would begin making loans, returning things to normal. According to New York Times reporter Joe [...]
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