Banks & Attorneys General Reach Foreclosure Agreement, What Happens to Stolen Bikes, Racial Tension in Louisville's LGBTQ Community: Today on Here and Now
1:06pm: White House officials working with state attorneys general finalized today an agreement with five major banks over improper foreclosure practices. The five banks, Bank of America, Citigroup, J.P. Morgan Chase, and Wells Fargo, handle 27 million home loans, just over half of all outstanding mortgages. Officials say the deal will provide immediate relief to about one million homeowners, and raise accountability standards for banks that help all homeowners who are at risk of foreclosure. At 26 billion dollars, it's the largest government industry deal in over two decades. We'll find out what it means for mortgage holder and the economy.1:12pm: Have you ever had a bike stolen? Writer Patrick Symmes has. Seven of them, in fact. After watching surveillance footage of one of the thefts, Symmes set off on a multi-state effort to track down the people who steal bikes. He bought some (probably stolen) bikes, attached GPS trackers on them and waited for them to be stolen. Sometimes he couldn't get the bikes stolen when he tried, but at other times the bikes were "pinched" pretty quickly. In one case he was able to catch the thief, who was mentally ill and gave it back to him. We'll hear more of the story.1:40pm: Last week, the owner of two local LGBTQ bars posted a picture on Facebook comparing President Obama to a chimp. The incident shed light on underlying tensions involving race and sexual orientation in Louisville, and WFPL's Phillip M. Bailey talks with two black LGBT activists about the incident and reactions to it within the community.