Stories written by Adrianne Appel
Adrianne Appel has written for IPS since 2006 about U.S. domestic issues, including the environment, politics and economics. Formerly a politics reporter in Washington, D.C., she now reports from Boston. In 2010 she was awarded a Knight Science Journalism Fellowship.
Many of the biggest mortgage lenders in the U.S. have engaged in widespread, systematic schemes that ripped off hundreds of thousands of families seeking to buy a home, refinance or foreclose, according to lawsuits filed on behalf of consumers.
Bank crashes in Iceland, an International Monetary Fund (IMF) bailout of Ukraine and volatile stock markets the world over - it all links back to the U.S. communities where hundreds of thousands of families are losing their homes with no let up in sight, those on the frontlines say.
The global credit agencies Moody's, Standard and Poor's and Fitch propelled the financial meltdown by giving high marks to failing financial companies and their risky, sub-prime investments, lawmakers said Wednesday.
The George W. Bush administration handed 125 billion dollars to nine of Wall Street's richest banks, but this will do little to help the economy that is crumbling around ordinary U.S. citizens, independent experts and activists say.
The George W. Bush administration announced Friday evening it would buy shares in troubled U.S. banks, a move that upstages its own rigid, free-market ideology, and answers calls for the action by European leaders.
As leaders of nations around the globe tried frantically to address their ailing economies, British Prime Minister Gordon Brown paused long enough to comment about how Britain may have gotten into this mess.