Where We Live: Attorney General George Jepsen
He's a low-key kinda guy
By Where We Live - WNPR
Published: May 11, 2011
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George Jepsen
Photo:Chion Wolf
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Where We Live: Attorney General George Jepsen
George Jepsen’s predecessor was well known for being “media savvy” – and that’s a nice way to put it.
In fact, Attorney General - now Senator - Richard Blumenthal still jokes with reporters that he would show up for “a garage door opening.” He also blasted the media daily with announcements, soundbites and press conferences.
Now, Jepsen – a much more low-key kinda guy, is forging his own path as AG.
We’ll talk about what he’s done in office so far - his vision for what an attorney general should be, and how he hopes to get out from under the shadow of a man who served in the job for 20 years.
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Taking on the Big Banks for Ruining the Economy
Glad to hear our new attorney general take a tough line on the big banks and Wall Street hucksters that brought on the Great Recession. What we need right now is an advocate who will hold the corporations holding back Connecticut’s economic recovery accountable.
The attorney general is absolutely right to call out the biggest bank in the state for their role in the foreclosure crisis. Last month a community alliance formed to expose big banks’ worst abuses released an expanded report on Bank of America's predatory practices in CT.
We found that BofA's poor record of modifying mortgages for homeowners in distress and the cost to local communities across CT. BofA has offered permanent loan modifications to less than 1 in 5 who are eligible for help through the federal Making Home Affordable Program (HAMP) -- that's only an estimated 1,266 families.
And BofA's conversion rate is far below that of the other major banks -- only 12% of homeowners denied HAMP eligibility have been offered an alternative in-house modification.
Why is this significant? More than 80,000 CT homes are projected to fall into foreclosure by 2012, and 12% of homeowners owe more than their homes are now worth. By then, it will have cost local communities an estimated $1.5 billion to clean up the devastation that these foreclosures unleash.
Matt O'Connor, SEIU CT State Council
CT Action Alliance for a Fair Economy
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