| AOC Cites
Need for Public Alternative To Credit
Reports As Inner City Press Asks of CRA
By Matthew
Russell Lee, Patreon UN
censors
BBC
- Guardian
UK - Honduras
- ESPN
NEW YORK, SDNY
& EDNY, August 27 – The
difference between retail and
wholesale politics was again
on display Friday night, in a
town hall to The Bronx and
Queens, when Inner City Press
asked if the Biden
Administration is yet doing
enough about bank redlining.
(Video to come).
Rep.
Alexandria Ocasio-Cortez held
a Zoom town hall, after which
she took press questions.
Inner City
Press asked, ""Does Rep.
Ocasio-Cortez think the
administration's bank
regulators have moved fast
enough to increase scrutiny of
redlining, predatory lending
and other abuses?"
Rep. Ocasio-Cortez
said, in
short, No.
Acknowledging
that it only
scraped the
surface, she
said credit
reporting
agencies and
banks have a
conflict of
interest: they
profit from
keeping
consumers'
credit scores
down. She said
there should
be a public
alternative -
and invited
Inner City
Press (and
presumably
Fair Finance
Watch) to
specify work
that needs to
be done. That
would be,
bank-friendly
merger reviews
which have
weakened the
Community
Reinvestment
Act. We'll
have more on
that - and on
the UN's
continuing ban
on Inner City
Press.
Inner
City Press on
August 27 also
submitted
a question
about the
United Nations
- not answer answered
- while the
head of UN
Media
Accreditation
Melissa
Fleming continues
to ban
Bronx-based
Inner City
Press from
even entering
again to ask
questions. This
must be
addressed before
UNGA Week,
September 21.
Previously
in March 2021, here was not
much on international affairs
(for example Tuesday's life
sentence for Honduras'
president's brother for
narco-trafficking, on which
Inner City Press was
interviewed on UNeTV, here
and here
from 3:10), much less the
United Nations, which
continues to ban
Bronx-based Inner City Press.
Time for a Constitutional
constituent inquiry, despite
impunity?
Then there
was a press gaggle, also on
Zoom. Inner City Press was
told to ask its questions
there, and submitted: "On the
PPP program, in the first
round(s) only 12% of NYC small
businesses got PPP loans,
versus 24% in Nebraska. And in
The Bronx, the rate of PPP
lending was every lower. What
is being done to make the
program and banks more
accountable? And,
if you have any thoughts on
Sen Schumer's recent
nominations to head the US
Attorney's Offices in SDNY and
EDNY."
Perhaps it
was the tech glitches, or the
lateness of the hour (7:50
pm). But the questions were
not then answered. Now the
bank regulation question has
been, for a start. Watch this
site.
***
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