Brockton, Mass. to Debate Divesting from National Banks, Invest in Local Banks

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In other action Monday, the council will also hear from members of Brockton Interfaith Community on a proposal for the city and school district to divest from national banks and invest their money locally.

Janine Carreiro, lead organizer for BIC, argues that national banks have a higher rate of foreclosure in Brockton than local lenders, are less likely to negotiate with homeowners, and don’t lend as much to small businesses.

“As a community, why would we support a lender who is not supporting us?” she said.

The Fin Com meeting will be at 7 p.m. Monday at City Hall, 45 School St., and is open to the public.

More:
http://www.wickedlocal.com/brockton/news/x770710240/Brockton-councilors-to-wrestle-with-proposed-expansion-of-apartment-complex


See also:

Jass Stewart
Remember, this evening at 7:00 pm is the discussion on Brockton divesting its money from big banks and investing it in local banks. Come witness the hearing in person or watch it live on cable.
More:
http://www.facebook.com/jass.stewart/posts/10150682770054559

Jass Stewart
I've submitted a resolve to discuss having Brockton divest its money from large banks like Bank of America that caused the foreclosure crisis, and for us to invest this money in local banks. I'm supporting BIC's 2+ year effort on this issue. The resolve is attached. The conversation is happening this Monday, 7 pm at City Hall or on local cable.
http://www.jassstewart.com/sites/jassstewart.com/files/StewartBankDivestmentResolve.pdf

http://www.jassstewart.com

More:
http://www.facebook.com/jass.stewart/posts/295778357161170



Jass Stewart Officially Announces Candidacy For State Rep
The Brockton City Councilor will throw his hat in the ring
http://easton-ma.patch.com/articles/jass-stewart-officially-announces-candidacy-for-state-rep