community level. there is a time that if the bank wasn t doing the right thing in your city or neighborhood, you could figure out thousand get a meeting with the bank president and the bank president lived in that city or community. today when we came to j.p. morgan chase shareholder meeting, we had to figure out thousand cross a mote. they the ten bleefrs to every ten police officers to every banker there. they are gated off and do have to deal with everyday americans. we have to figure out how to move pour more capital where everyday people have real access and real control with it. i agree with you, if banks mess up that level, they need to fail. if american people mess up that level, pay a price for it. i think one of the biggest most popularite idas is busting some of the guys up. because they have clearly gotten too big and it is dangerous for all of us. listen george, it s a pleasure. good look with your efforts. george goehl, trying to add to the volume of the voice that is
the huffington post exclusively gained details from the audits of the five biggest mortgage companies. in those documents, accusations that lenders are effectively treat cheating taxpayers in the bank s handling of foreclosures and in the bank s handling of government-backed loans. now if we wait to see if the attorney general holder files charges we may all die and roll over. but fortunately there are a few attorneys general in the country who have the courage it take on the daunting task of dealing with the corruption of american banking and american government. could we at long last be at a turning point in the shell game that is american finance and its relationship with government and housing? joining us now is a man leading the o protest today in ohio george gale executive of the national people s action which works for economic and racial
collapse in the housing market, do you think that most people in america understand how directly responsible for our deficit crisis the banks are in driving that houses bubble in unemployment collapse? i think people really do. i think a lot of people think we are in a revenue crisis. and that the banks both crashed the economy. but they also continue to strip wealth way from americans and the economy. we need to take on the financial sector, take on wall street and hold corporations accountable in a way we haven t in the past. you know, as you know, george, i don t have it in for the banks one way or another. i just believe in banks that are allowed it fail and have to make money by lending. i don t doubt you disagree with that. we see more dysfunction in the country from the banking system because we don t have investment in our country. is there a banking model that you see in the world that you think is better? i think we need to get banking back more to the
diamond with j.p. morgan as well as bank of america. what would you like to see him do? i would like to see him aggressively investigate the banks and not be like some of the owner attorney generals who have been taking money from the big banks you mean tom mill sert guy settling the banks and as soon as he announced banks he started collecting money from the banks and then decided it wasn t a problem. i thought that was illegal. but anyway. it is funny to watch. if is t is not illegal, it should be. american homeowners shouldn t have to wonder if the elected official leading the investigation is more accountable to the banks or to the people he represents. it is real problem in america. yeah. it is i laugh because i m over crying, george. that s pretty absurd. if you look at the relationship between the collapse in american revenue, the past few years. that has come as a direct result of the spike in unemployment and