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Mon Jan 23, 2012, 07:00 PM

Protests Intensify As Mortgage Settlement Nears [View all]

By Andrew Stern and Aruna Viswanatha

Mon Jan 23, 2012 2:25pm EST

(Reuters) - As state and federal officials near a deal with top banks to settle claims of foreclosure abuses, left-leaning activist groups have stepped up pressure on the officials to reach a deal that demands more from the banks.

Around three dozen protestors from groups that include MoveOn.org, National People's Action and The New Bottom Line gathered outside the State of Illinois building in downtown Chicago on Monday morning in a blustery rain chanting "banks got bailed out, we got sold out."

The activists, some of whom held signs that said "make Wall Street pay" and "President Obama investigate banks now," also marched a few blocks east and chanted in front of President Barack Obama's re-election campaign headquarters.

Democratic state attorneys general and Obama administration officials are meeting on Monday in Chicago to discuss the terms of the settlement, and Republican state officials are expected to be briefed on a conference call later in the day.

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http://www.reuters.com/article/2012/01/23/us-usa-housing-settlement-idUSTRE80M1XO20120123?feedType=nl&feedName=usbusinessearly

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Reply Protests Intensify As Mortgage Settlement Nears [View all]
Purveyor Jan 2012 OP
FreakinDJ Jan 2012 #1