Jim Zarroli http://redriverradio.org en How High Debt From The Housing Collapse Still Stifles Our Economy http://redriverradio.org/post/how-high-debt-housing-collapse-still-stifles-our-economy "Foreclosure, foreclosure, foreclosure."<p>Real estate broker John Susani drives down a Paterson, N.J., street where every third house seems to be abandoned or boarded up. During the boom years, money flooded into Paterson.<p>"The banking industry allowed everyone to be a homeowner; they gave mortgages to people [just because they were] breathing," Susani says.<p>In some cases, he says, home prices jumped as much as 50 percent. The homes on these streets aren't worth nearly that much anymore.<p>Seven years after the subprime mortgage crisis, U.S. Thu, 24 Jul 2014 10:13:00 +0000 Jim Zarroli 47665 at http://redriverradio.org How High Debt From The Housing Collapse Still Stifles Our Economy Treasury Secretary Calls For Corporate Tax Code Overhaul http://redriverradio.org/post/treasury-secretary-calls-corporate-tax-code-overhaul Transcript <p>RENEE MONTAGNE, HOST: <p>U.S. Treasury Secretary Jacob Lew says, there has been an uptick in the number of U.S. corporations moving their headquarters overseas in an effort to pay less tax. In a moment, we'll talk to David Wessel about what's allowing these moves to happen. We begin with NPR's Jim Zarroli.<p>JIM ZARROLI, BYLINE: In recent months there's been a small wave of U.S. companies doing what are called inversions - they merge with a foreign company and then move their legal headquarters overseas. Thu, 17 Jul 2014 09:24:00 +0000 Jim Zarroli 47328 at http://redriverradio.org Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct http://redriverradio.org/post/citigroup-agrees-7-billion-fine-egregious-misconduct Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners. Mon, 14 Jul 2014 20:15:00 +0000 Jim Zarroli 47196 at http://redriverradio.org Citigroup Settles Subprime Mortgage Case For $7 Billion http://redriverradio.org/post/citigroup-settles-subprime-mortgage-case-7-billion Transcript <p>STEVE INSKEEP, HOST: <p>Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Mon, 14 Jul 2014 16:34:00 +0000 Jim Zarroli 47174 at http://redriverradio.org With Default 23 Days Away, A Little Clause Could Cost Argentina Big http://redriverradio.org/post/default-23-days-away-little-clause-could-cost-argentina-big Transcript <p>ROBERT SIEGEL, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. The clock is ticking for Argentina. Yes, in the World Cup, but here, we're talking about its effort to prevent another debt crisis. Argentina has until the end of this month to pay its bondholders or it risks going into default. Tue, 08 Jul 2014 20:13:00 +0000 Jim Zarroli 46898 at http://redriverradio.org