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Mortgage Protest

May 26th, 2011 by Mike Vasilinda

About three dozen people carrying signs protesting what they believe is public officials siding with Wall Street and not foreclosed homeowners set up a “Moral Hazard” zone in the state Capitol today. The protestors say Wall Street banks should be held accountable and they say Florida Attorney General Pam Bondi is siding with the banks and not Florida residents. the Reverend Sam Jones led the group in a prayer. “These working people: some of them now are working two jobs, others even three to pay their mortgages that big banks are still profiting today from.”

Bondi is one of just a few Attorneys General on a national task force who have taken the position that principle reduction could foster a “moral hazard.” Bondi says banks should not have to share the cost of mortgages that citizens can not afford.

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