22 June 2009Since April, I have been following the philanthropic efforts of Christopher Meek. The city resident organized two foreclosure events in Stamford that managed to lower the mortgage payments of more than 50 homeowners by substantial amounts. Meek, a Wall Street trader, operated under the conviction that distressed borrowers needed to meet face to face with their banks. The experiment and its relatively successful outcome underlined a criticism that has been made about federal efforts at tackling the mortgage crisis-that banks haven't had enough incentive to help borrowers and that the mediation between them have been ineffective and fraught with bureaucracy. |
To learn more about Meek's work with the foreclosure crisis, he will be interviewed on CPTV at 8 p.m. tonight.