As reported today on NPR’s Morning Edition, municipalities across New York State are moving their money from big banks such as Bank of America that were bailed out by taxpayer money, into banks considered to be smaller competitors. Why? There is a growing sense of outrage among voters who have been refused the ability to refinance their mortgages at lower rates by these same banks.
Today we discuss the issue with Kirsten Keefe, senior staff attorney with the Consumer Housing, C.A.S.H. and Community Development Unit in Empire Justice Center’s Albany office. She’ll also explain to us why the Attorney General’s fight against a mortgage settlement with the banks is something she supports.
Additionally, we hear what can be done about the mortgage situation from Senator Joe Griffo, R-Oneida, the Senate Banking Committee Chairman.
And it’s been almost 2 months since Occupy Wall Street began. Activist Michael Kink, Executive director of the ‘Strong Economy For All’ Coalition joins us with some thoughts on where the movement goes from here.