Bank Protesters Seeking Bans Move Into City Halls

Oct. 25 (Bloomberg) -- San Francisco Supervisor John Avalos, Treasurer Jose Cisneros, Fred Brousseau, a principal in the board's Budget and Legislative Analyst's Office, and William Ortiz-Cartagena, a parking-lot operator, spoke at a Board of Supervisor's hearing yesterday about the adoption of policies that would prompt big banks into modifying mortgages for struggling homeowners. Advocates for the poor are using the Occupy Wall Street protests in city halls to push municipalities to divest from banks blamed by demonstrators for the global financial crisis. Communities from California to New York are considering demands to halt business with some of the biggest U.S. banks. (Source: Bloomberg)