contract law

Friday Movie Night - Frontline's Cell Tower Worker Deaths & MF Global

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hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

 

This week's videos are two shorts by PBS Frontline. The first is about workers falling from Cell Towers. At first you might think, that's an easy fix through safety and regulation. Think again. Literally young boys are climbing up cell towers for $10 bucks an hour. It's a poster child for what has happened to work in America. The cheapest price wins and training, safety, experience be damned. This short puts new meaning to the phrase working yourself to death.

Pay close attention to the description of contracts, the chain of subcontracts all the way down to the worker, who also are contractors, not employees. Use of contracts, contract law to subvert U.S. worker rights, deny benefits and remove any sort of liability is extremely common these days.

ForeclosureGate Deal - The Mandatory Cover Up

Michael Collins
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The Federal government is about to settle the ForeclosureGate affair, according to a report in the New York Times on April 9. The Times noted that twelve million homes will be lost by 2012. Home equity values are down by $5.6 trillion since the real estate crash.

The draft agreement released to American Banker shows another corporate-friendly deal designed to maintain the incumbent perpetrators at the expense of the people. (Image: zoonabar)

The proposed settlement culminates an effort by federal prosecutors to address strongly supported allegations of widespread mortgage fraud perpetrated on as many as sixty percent of current mortgage holders. Homeowners were sold mortgages, serviced for the loans, and, in some cases, subjected to foreclosure and eviction based on fictional contracts and collections practices that violate the most basic principles of contract law and specific federal code pertaining to fraudulent debt collection.