MSNBC's Chris Hayes talks with Richmond, CA Mayor about Local Principal Reduction

On August 2nd, All In with Chris Hayes interviewed Richmond, CA Mayor Gayle McLaughlin about her city's decision to move forward with a Local Principal Reduction policy as a way of dealing with the on-going foreclosure and underwater housing crisis caused by Wall Street bankers.

It's pretty clear she and the city's leadership are going to be strong on this and not give in to the bullying of Wall Street bankers and their allies as they try to stop this common-sense solution from spreading and undermining their ability to dictate to the rest of us what kind of economy we should have. 

Watch the full clip below.

 

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