Join the Solidarity Caravan to Longview, Washington
ILWU rank and file, Occupies in Longview, Portland, Seattle, Oakland, LA and other West Coast Occupies are organizing to blockade a grain ship coming to Longview. This ship is intended to load scab cargo from the EGT terminal. The date won't be known until 3-4 days in advance, but is anticipated to be sometime in January.
Latest Updates:
Join the Occupy 4 Jobs NetworkDemand a Massive Public Works Program |
Attend a National Conference to demand a two year federal moratorium to stop foreclosuresSaturday – March 31, 2012
|
|
|
Mortgage fraud, bank bailouts continueBy Jerry Goldberg The lifting of the major banks' "foreclosure moratoriums" — which had been instituted to stem the outcry over massive fraud in the processing of foreclosure documents — demonstrates the necessity for the working class to launch a struggle to win a genuine two-year moratorium on foreclosures and evictions predicated on the premise that housing is a fundamental human right. With the federal government having essentially nationalized the mortgage industry, the president has the authority to implement such a moratorium through executive action. Bank of America on Oct. 18 announced its intent to resume foreclosures in the 23 states which have judicial foreclosures. BOA had suspended foreclosures in those states on Oct. 1 due to revelations of fraud in the processing of foreclosure documents. BOA also announced it would resume foreclosures in a few weeks in the remaining 27 states. This move will likely encourage JP Morgan Chase and GMAC, who had similarly suspended foreclosures in the 23 judicial foreclosure states, to resume taking people's homes. (New York Times, Oct. 18) Barbara J. Desoer, president of Bank of America Home Loans, stated, "We did a thorough review of the process and we found the facts underlying the decision to foreclose have been accurate. We paused while we were doing that, and now we're moving forward." While even bourgeois commentators treated this announcement with the cynicism and derision it deserved, Bank of America was emboldened to make this move with the backing of the federal government. From the onset of the exposure of massive bank fraud, the Obama administration has opposed any calls for a national moratorium on foreclosures. When David Axlerod, President Barack Obama's chief advisor, appeared on CBS's "Face the Nation" Oct. 10, he came out against a national moratorium. He was followed by Housing and Urban Development Secretary Shaun Donovan, who published an article Oct. 17 in the Huffington Post that also rejected calls for a national moratorium, saying it would hurt the economy. Billions for banks Bank of America noted that the major holders of its mortgages, Fannie Mae and Freddie Mac, had been consulted during the review and had signed off on the decision to resume foreclosures. Of 14 million mortgages BOA services, one-half of them — worth $2.1 trillion — are owned by Fannie Mae and Freddie Mac, the giant mortgage holding companies controlled by the U.S. Treasury. (NYT, Oct. 18) Fannie Mae and Freddie Mac were formerly government-sponsored enterprises, private corporations chartered by the federal government to give them enhanced standing to buy or back up mortgage loans. However, in July 2008 Fannie Mae and Freddie Mac were taken over by the federal government due to massive losses they incurred as a result of the record rise in foreclosures caused by the fraudulent and predatory lending practices of the banks. The federal government placed Fannie Mae and Freddie Mac in trusteeship under the Federal Housing Finance Administration, guaranteeing up to $200 billion in federal tax dollars to back up their loans. That figure was raised to $400 billion, and is now uncapped. |
Download These Resources: | ||
![]() Petition demanding a two year national moratorium on all foreclosures and evictions |
|||
![]() Petition to President Obama: enforce the Full Employment Act |
|||
![]() Obama: Issue Executive Orders to Guarantee our Rights to Jobs & Housing |
|||
Let People Stay in their Homes - Housing is a Human Right!
|
|||
Seize the time!
|
|
Drop All Charges against all Occupy Arrestees!Stop Police Attacks & Arrests!Support 'Occupy Wall Street'!Peoples Needs! Not Bankers' Greed!Spread the Occupations! |
|
Be part of the People's Assembly Movement! |
Support Anti-War and International Solidarity Activists! |
|
![]() Honor Dr. Martin Luther King - Demand Millions of Jobs or Income NOW! |
![]() |
|
| Descargar volante | Download leaflet | |
| Download the leaflet | ||
| New York City Jobs for All Campaign A JOB IS A RIGHT! |
||
| English Espanól | ||
| Download the Jobs For All Brochure |
|
The Bailout the People Movement (BOPM) is a national network that was founded in Oct., 2008, to oppose the trillion dollar bank bail out and demand that the people get bailed out instead. Since then BOPM has taken up the most crucial issues facing workers, students and ordinary people: including jobs; foreclosures and evictions; education and student rights; immigrant and worker’s rights; stopping racism and hate groups like the Tea Party; opposing the ongoing wars that are bleeding the economy dry; advocating for health care for all; and much, much more. We held the first national protest around joblessness calling for a “Real Jobs Program” at the G20 summit in Pittsburgh. We are fighting for a national Public Works Jobs Program much like the WPA enacted during the Great Depression, for a moratorium on home foreclosures, evictions and utility shut-offs, the Employee Free Choice Act and full rights for immigrant workers. Please join us! You can get in touch with a BOPM chapter near you or with the many allied groups we are working with such as the Moratorium Now Coalition in Detroit. Our national office in New York City helps to provide assistance and organizing help to all. Contact us. |
|
|
Bail Out the People Movement |
|







