Wednesday, April 10, 2013

San Francisco Retirement System Board Debates Investments With Banks

Community groups and labor activists gathered in San Francisco to ask the San Francisco Employee Retirement System to adhere to its social investment policy that addresses discriminatory lending practices by banks. Activists say banks like Wells Fargo engaged in illegal and predatory lending, targeting African Americans and Latinos. Today, the board was scheduled to vote on two motions, but produced no results. Alex Kekauoha reports from San Francisco.