Bank
of America Gets Sued For
Discriminatory Maintenance While
Citigroup Brags At UN About
Renewables
By Matthew R.
Lee, Video
NEW YORK, June 27
– Bank of America has been
sued for failure to maintain
properties it forecloses on in
communities of color.
Nationwide, the lawsuit
contends, 45 percent of the
Bank of America properties in
communities of color had 10 or
more
maintenance or marketing
deficiencies, while only 11
percent of the Bank of America
properties in predominantly
white neighborhoods had 10 or
more maintenance or
marketing deficiencies. 64
percent of the Bank of America
properties in communities of
color had trash or debris
visible on the property, while
only 31 percent of the Bank of
America properties in
predominantly white
neighborhoods had trash
visible on the property. 37
percent of the Bank of America
properties in communities of
color had unsecured or broken
doors, while only 16 percent
of the Bank of America
properties in predominantly
white neighborhoods had
unsecured or broken doors.
49.6 percent of the Bank of
America properties in
communities of color had
damaged, boarded, or unsecured
windows, while only 23.5
percent of the Bank of America
properties in white
neighborhoods had damaged,
boarded or unsecured windows.
In
Milwaukee, for example,
recently profiled in the book
"Evicted," the lawsuit cites
134 Bank of America REO
properties. Of these 134 REO
properties, 74 were located in
African American
neighborhoods, 21 were located
in predominantly Latino
neighborhoods, eight were
located in predominantly
nonwhite
neighborhoods, and 31 were
located in predominantly white
neighborhoods. 83.9% of the
REO properties in
predominantly white
neighborhoods had fewer than
five maintenance or marketing
deficiencies, while only 21.4%
of REO properties in
neighborhoods of color had
fewer than 5 maintenance or
marketing deficiencies. 78.6%
of REO properties in
neighborhoods of color had 5
or more marketing or
maintenance deficiencies,
while only 16.1% of the REO
properties in white
neighborhoods had 5 or more
marketing or maintenance
deficiencies. 8.7% of REO
properties in neighborhoods of
color had 10 or more marketing
or maintenance deficiencies,
while none of the REO
properties in white
neighborhoods had 10 or more
marketing or maintenance
deficiencies. Some including
the Fair Finance Watch notice
similar disparities in
Milwaukee when it comes to the
placement of the Bublr bike
share program. Maybe Bank of
America will want to put its
name on the disparate network,
as Citibank has in New York
with disparately placed
CitiBike.
At the UN
on June 4, when Citigroup
managing director Michael
Eckhart appeared, it was to
talk about renewable energy
with the UN Environment
Program. Inner City Press
asked Eckhart about
Citigroup's role in the Dakota
Access Pipeline.
He paused and
admitted it was a lender, than
said that the outcry against
the pipeline, on indigenous
human rights and other issues,
was entirely unexpected. He
said they had not protested
early enough. Video here.
But what about free prior
informed CONSENT? Is silence
consent? Or, as is too often
the case, is the UN a place of
hypocrisy?
As Inner City
Press has shown, UNEP paid
money to Volvo Ocean Races,
and appears to have engaged in
pay-for-prize with MoBikes.
Inner City Press also asked
about the UN bribery scandal
in which China Energy Fund
Committee - oil money - bribed
UN President of the General
Assembly Sam Kutesa, but CEFC
remains in special
consultative status with UN
ECOSOC. Video here.
We'll have more on this - and
on Citigroup. Watch this site.
***
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