Occupy Buffalo Urges City to Cut Ties with Major Bank

October 25, 2011 Updated Oct 25, 2011 at 6:50 PM EDT

By Kyla Igoe

...
October 25, 2011 Updated Oct 25, 2011 at 6:50 PM EDT

Buffalo, NY (WKBW)- Occupy Buffalo Demonstrators, who say they are sick and tired of corporate greed, marched into Buffalo City Hall Tuesday. The group is trying to convince the city to cut ties with JP Morgan Chase Bank and claims the financial institution is greedy. The City of Buffalo has several accounts with JP Morgan Chase. Protestors met with common council members during a finance committee meeting to try and convince them to sever their financial investments and dealings with the bank. During Tuesday's meeting, several council members voiced their own concerns and noted the city's high vacancy and foreclosure rates.

"They're throwing people out of their homes with out working with them in these tough economic times," said South District Common Council Member Michael Kearns. "When people are losing jobs, this destabilization has a great impact on the city."

Kearns said representatives of Chase opted not to attend today's committee meeting and asked to meet privately with lawmakers. Lawmakers within the committee say there are receptive to the idea of cutting ties with Chase, but have asked Occupy Buffalo to submit documents and information about their concerns.

"People need to be held accountable," said Occupy Buffalo Protestor Mindy Comangane. "People are doing wrong things and integrity starts with our leaders. Integrity should trickle down to the people."

The finance committee will meet again in two weeks and lawmakers say their will continue discussions on this issue.