Today, NOC released the following statement:
Media Release: For Immediate Release
Wednesday, September 14, 2011
NOC Members Support Attorney General Swanson’s Call for Justice
Minnesotans from hardest-hit neighborhoods still suffering the effects of the financial industry’s reckless foreclosure crisis.
Members of MN Neighborhoods Organizing for Change (NOC), a member-led community organizing nonprofit with members in low-income neighborhoods throughout the Twin Cities, greeted Attorney General Lori Swanson’s position on the emerging banking settlement.
Swanson called for a narrow settlement that allowed continued investigation into wrongdoing by the banks. She calls for a settlement with teeth, that provides consequences for wrongful conduct and helps injured homeowners.
“It is less and less common these days for elected officials to stand up for what is right,” said Board Chair Sunday Alabi. “Of course the banks should face consequences for anything they did that was not legal. Nobody is above the law. We’re proud that Minnesota is taking the lead to make sure common sense prevails and these bankers are brought to justice.”
Unfortunately, for many Minnesotans, it’s already too late. According to Anthony Newby from North Minneapolis: “Walking through my neighborhood and looking at all the vacant homes, it’s painful to think that nobody has been held accountable. Think about what this has done to our kids, to our schools, to our community. Nobody should get a get-out-of-jail-free card for what they’ve done.”
For more on Attorney General Swanson's action, follow these links: