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What the banks are saying about Flint Hills and what they know about the water crisis

What the banks are saying about Flint Hills and what they know about the water crisis

By Amy Zillgitt and Mark LoefflerDecember 13, 2017 4:37PMHolland Bank, Credit Suisse, Standard & Poor’s, Bank of America, UBS and Credit Succesful are among the banks that have taken a stance against the Flint Hills water crisis in Michigan.

On Thursday, the three major U.S. banks joined a coalition calling for the federal government to step in and provide emergency aid to Flint Hills residents.

“The federal government must act to prevent further contamination of the water system in Flint Hills,” the letter said.

“This is particularly important as it is an important water system that is at risk of failure and is not currently connected to the outside world.”

“We will work with the U.K. government and our partners to support the city’s transition to a new water system, and we urge all other major banks and major lenders to join us,” the bank said in the letter.

Hollands representatives declined to comment on the letter, but the letter did state the bank “continues to stand behind the city and the residents of Flint Hills in their efforts to rebuild their lives.”

The Flint Hills area has been in crisis since April 2015 when the city switched to a system of lead-based paint, which has been blamed for causing elevated blood lead levels in some children.

The city switched back to a traditional water supply in May 2016.

The Flint water crisis prompted the resignation of Mayor Karen Weaver, who was forced to resign over the city not meeting state and federal standards for the city water supply.

She also has since been suspended as mayor, and has faced multiple allegations of wrongdoing by her administration.

The city is currently under federal investigation into its handling of lead contamination in Flint’s drinking water, which led to the death of 12-year-old Kalamazoo, Michigan, boy Laquan McDonald.

A U.N. panel investigating the Flint water disaster has said the federal Department of Justice, Michigan’s Department of Environmental Quality and the Michigan Department of Health are conducting an independent investigation into the city.

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