Laura Bassett has an article up at the Huffington Post about NY Communities for Change‘s successful campaign to get the Village of Hempstead to move its money out of JPMorgan Chase. From the article:
The Village of Hempstead is the first municipality in the country to close a bank account due to foreclosure policies. But a spokesperson for NY Communities for Change said many local governments throughout the state are planning to close their Chase accounts in the coming months. New York City Councilman Jumaane Williams marched into a Park Avenue Chase bank in February to close his account, and major unions have also announced their intention to pull their pension-fund money out of JP Morgan Chase.
“Banks like Chase should be ashamed of themselves,” Hempstead Deputy Mayor Henry Conyers said in a press release. “They were bailed out with taxpayer money – now look what they are doing to the taxpayer: foreclosing instead of modifying.”
Click here to read the entire article at the Huffington Post.