evening the odds
EVENING THE ODDS
Nicholas Lemann talks in his article about the monetary inequality in the United States and their values. After the Great Recession the recovery was harder for those on the bottom and still today we encounter a great inequality of income and wealth between Americans. The opportunity to study depends much on income and your family status. Charles Murray mentions that this is a consequence of the increase of social disorganization, such as imprisonment, joblessness, divorce, and out-of-wedlock childbearing. As a result on one hand the poor class is having low values and on the other hand elites are creating their own world by altering the rules. Education is the most important part of life in order to get an economically stable future. You not only learn about different subjects, but you also develop your own personality. I agree that most of the lower class people do not have the opportunity to get educated and have strong values and morality. They can get easier in trouble or consider family less important. America is the country of opportunities and if you get that chance to be rich and important you would like to forget about the miseries of the lower class and create just your own circle where only rich people is welcome. Two questions raised on my mind. How can you help the lower class without hurting the whole economy? Why does the elite class not help solving my first question?
In October 2012, Federal prosecutors slapped Bank of America with a $1 billion-plus civil mortgage fraud lawsuit accusing the bank of engineering a scheme that defrauded federally-backed mortgage buyers Fannie Mae and Freddie Mac during the national financial crisis.
What is Bank of America accused of exactly?
The government says Countrywide Financial, a mortgage lender purchased by Bank of America in 2008, originated a loan program called the "Hustle" to process mortgage applications at high speed with little checking for fraud, misstatements or
Nicholas Lemann talks in his article about the monetary inequality in the United States and their values. After the Great Recession the recovery was harder for those on the bottom and still today we encounter a great inequality of income and wealth between Americans. The opportunity to study depends much on income and your family status. Charles Murray mentions that this is a consequence of the increase of social disorganization, such as imprisonment, joblessness, divorce, and out-of-wedlock childbearing. As a result on one hand the poor class is having low values and on the other hand elites are creating their own world by altering the rules. Education is the most important part of life in order to get an economically stable future. You not only learn about different subjects, but you also develop your own personality. I agree that most of the lower class people do not have the opportunity to get educated and have strong values and morality. They can get easier in trouble or consider family less important. America is the country of opportunities and if you get that chance to be rich and important you would like to forget about the miseries of the lower class and create just your own circle where only rich people is welcome. Two questions raised on my mind. How can you help the lower class without hurting the whole economy? Why does the elite class not help solving my first question?
In October 2012, Federal prosecutors slapped Bank of America with a $1 billion-plus civil mortgage fraud lawsuit accusing the bank of engineering a scheme that defrauded federally-backed mortgage buyers Fannie Mae and Freddie Mac during the national financial crisis.
What is Bank of America accused of exactly?
The government says Countrywide Financial, a mortgage lender purchased by Bank of America in 2008, originated a loan program called the "Hustle" to process mortgage applications at high speed with little checking for fraud, misstatements or