Occupy Cleveland will probably focus on foreclosure crisis
"Occupy Cleveland might be looking for a new home -- a foreclosed one.
The group's tent is likely to remain on Public Square until city permits expire at the end of the year. After that, the group protesting corporate greed might gear up to fight what they consider the related problem of property foreclosures.
They say that little of the $700 billion that banks received as part of the U.S. Treasury Department's Troubled Asset Relief Program, or TARP, resulted in troubled homeowners getting mortgages they could afford. Some members mentioned the $13 billion of income banks received by taking advantage of below-market, short-term loans from the Federal Reserve.
"These giant banks have made off with billions of dollars, crashed the system, got rewarded for crashing the system with billions in bailout funds, and the upshot is that real people are losing their homes," said Ben Shapiro, who helps run a farm in the city's St. Clair-Superior neighborhood."
More at: http://www.cleveland.com/business/index.ssf/2011/12/occupy_cleveland_will_probably.html
