FINANCIAL DISTRICT — About 500 demonstrators took to the area surrounding Wall Street Monday to protest what they say is J.P. Morgan Chase's reluctance to modify the terms of mortgages for struggling homeowners.
The protest was organized by the Neighborhood Assistance Corporation of America to coincide with President Barack Obama's meeting with banking executives at the White House, which J.P. Morgan CEO Jamie Dimon attended.
“President Obama’s meeting with what he calls the ‘fat cats,’” said NACA mortgage counselor and protestor Wanda Muswaswa, referencing the president's tongue lashing against Wall Street executives on '60 Minutes' on Sunday night.
“We’re marching against the fat cats. We want them to fix the loans of the people so they can save the homes.”
Protestors were chanting "no more foreclosures!" as they passed the New York Stock Exchange with posters displaying phrases such as, "Dimon is ice cold," "Chase is raising hell," and "Dear Chase, say 'yes' to homeowners."
Read more: http://www.dnainfo.com/20091214/financial-district-battery-park-city/homeowner-advocacy-group-protests-jp-morgan-chase#ixzz0ZizBd2gr
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