Obama Sells Out Homeowners Again: Mortgage Settlement a Sad Joke February 23, 2012
Posted by rogerhollander in Barack Obama, Economic Crisis, Housing/Homelessness.Tags: ally financial, bailout, bank of america, Citibank, Economic Crisis, foreclosures, harp, home owners, jpmorgan chase, mortgage settlement, mortgages, Obama, roger hollander, subprime, tarp, ted rall, Wells Fargo
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by Ted Rall
Joe Nocera, the columnist currently challenging Tom Friedman for the title of Hackiest Militant Centrist Hack–it’s a tough job that just about everyone on The New York Times op-ed page has to do–loves the robo-signing settlement announced last week between the Obama Administration, 49 states and the five biggest mortgage banks. “Two cheers!” shouts Nocera.
Too busy to follow the news? Read Nocera. If he likes something, it’s probably stupid, evil, or both.
(Photo: CNN)
As penance for their sins–securitizing fraudulent mortgages, using forged deeds to foreclose on millions of Americans and oh, yeah, borking the entire world economy–Ally Financial, Bank of America, Citibank, JPMorgan Chase and Wells Fargo have agreed to fork over $5 billion in cash. Under the terms of the new agreement they’re supposed to reduce the principal of loans to homeowners who are “underwater” on their mortgages–i.e. they owe more than their house is worth–by $17 billion.
Some homeowners will qualify for $3 billion in interest refinancing, something the banks have resisted since the ongoing depression began in late 2008.
What about those who got kicked out of their homes illegally? They split a pool of $1.5 billion. Sounds impressive. It’s not. Mark Zuckerberg is worth $45 billion.
“That probably nets out to less than $2,000 a person,” notes The Times. “There’s no doubt that the banks are happy with this deal. You would be, too, if your bill for lying to courts and end-running the law came to less than $2,000 per loan file.”
Readers will recall that I paid more than that for a speeding ticket. 68 in a 55. This is the latest sellout by a corrupt system that would rather line the pockets of felonious bankers than put them where they belong: prison.
Remember TARP, the initial bailout? Democrats and Republicans, George W. Bush and Barack Obama agreed to dole out $700 billion in public–plus $7.7 trillion funneled secretly through the Fed–to the big banks so they could “increase their lending in order to loosen credit markets,” in the words of Senator Olympia Snowe, a Maine Republican.
Never happened.
Three years after TARP “tight home loan credit is affecting everything from home sales to household finances,” USA Today reported. “Many borrowers are struggling to qualify for loans to buy homes…Those who can get loans need higher credit scores and bigger down payments than they would have in recent years. They face more demands to prove their incomes, verify assets, show steady employment and explain things such as new credit cards and small bank account deposits. Even then, they may not qualify for the lowest interest rates.”
Financial experts aren’t surprised. TARP was a no-strings-attached deal devoid of any requirement that banks increase lending. You can hardly blame the bankers for taking advantage. They used the cash–money that might have been used to help distressed homeowners–to grow income on their overnight “float” and issue record raises to their CEOs.
Next came Obama’s “Home Affordable Modification Program” farce. Another toothless “voluntary” program, HAMP asked banks to do the same things they’ve just agreed to under the robo-signing settlement: allow homeowners who are struggling to refinance and possibly reduce their principals to reflect the collapse of housing prices in most markets.
Voluntary = worthless.
CNN reported on January 24th: “The HAMP program, which was designed to lower troubled borrowers’ mortgage rates to no more than 31% of their monthly income, ran into problems almost immediately. Many lenders lost documents, and many borrowers didn’t qualify. Three years later, it has helped a scant 910,000 homeowners–a far cry from the promised 4 million.”
Or the 15 million who needed help.
As usual, state-controlled media is too kind. Banks didn’t “lose” documents. They threw them away.
One hopes they recycled.
I wrote about my experience with HAMP: Chase Home Mortgage repeatedly asked for, received, confirmed receiving, then requested the same documents. They elevated the runaround to an art. My favorite part was how Chase wouldn’t respond to queries for a month, then request the bank statement for that month. They did this over and over. The final result: losing half my income “did not represent income loss.”
It’s simple math: in 67 percent of cases, banks make more money through foreclosure than working to keep families in their homes.
This time is different, claims the White House. “No more lost paperwork, no more excuses, no more runaround,” HUD secretary Shaun Donovan said February 9th. The new standards will “force the banks to clean up their acts.”
Don’t bet on it. The Administration promises “a robust enforcement mechanism”–i.e. an independent monitor. Such an agency, which would supervise the handling of million of distressed homeowners, won’t be able to handle the workload according to mortgage experts. Anyway, it’s not like there isn’t already a law. Law Professor Alan White of Valparaiso University notes: “Much of this [agreement] is restating obligations loan servicers already have.”
Finally, there’s the issue of fairness. “Underwater” is a scary, headline-grabbing word. But it doesn’t tell the whole story.
Tens of millions of homeowners have seen the value of their homes plummet since the housing crash. (The average home price fell from $270,000 in 2006 to $165,000 in 2011.) Those who are underwater tended not to have had much equity in their homes in the first place, having put down low downpayments. Why single them out for special assistance? Shouldn’t people who owned their homes free and clear and those who had significant equity at the beginning of crisis get as much help as those who lost less in the first place? What about renters? Why should people who were well-off enough to afford to buy a home get a payoff ahead of poor renters?
The biggest fairness issue of all, of course, is one of simple justice. If you steal someone’s house, you should go to jail. If your crimes are company policy, that company should be nationalized or forced out of business.
Your victim should get his or her house back, plus interest and penalties.
You shouldn’t pay less than a speeding ticket for stealing a house.
Ted Rall is the author of the new books “Silk Road to Ruin: Is Central Asia the New Middle East?,” and “The Anti-American Manifesto” . His website is tedrall.com.
Cathy Crowe: A Final Blackberry Message to Jack August 29, 2011
Posted by rogerhollander in Canada, Housing/Homelessness.Tags: aids funding, Canada, canada government, canadian municipalities, cathy crowe, health and homelesness, homelessness, housing, Jack Layton, national disaster, roger hollander, street nurse, street nursing, tdrc, toronto, toronto government, toronto homelessness
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campaign to the Federation of Canadian Municipalities resulting in the Big City
Mayors’ Caucus endorsement that homelessness was a national disaster. This
fuelled a national movement which included a new federal program to tackle
homelessness, but unfortunately not housing.Jack was always giving away his 1% button and would ask me for a new one each time I saw him. This past week
Beric German and I ensured a 1% button was placed among the flowers both at his
constituency office and Nathan Phillips Square.The day after he died, thinking of him, I automatically reached for my blackberry and paused. But I did
send this final email to him. I want to share it with you. Cathy
Hi Jack, just doing what I would normally do in a time like this. Emailing you. You
always replied to me within minutes. You hooked me on a blackberry!
I know you won’t get this but I also know you will get this.
Thanks for always being there for me and for people who are homeless, for all the good
fights, many of which we won thanks to your help: Homelessness declared a
national disaster, many new shelters opened, new shelter standards, the Tent
City win for housing (and they love you to this day), the fight for AIDs
funding, the closing of the Commissioner St. incinerator. I could go on and on.
You made so clear in 1987, in your public inquiry into health and
homelessness, how I should direct my career in this bizarre but necessary
profession called street nursing.
One of the biggest honours in my life was to write the intro to your book on homelessness.
Years later you kept asking me to run for office. I thought you were crazy and then you and
Olivia convinced me.
You should feel confident and strong in your legacy
through myself and I believe millions of others who, inspired, challenged and
encouraged will carry on the fight. As you so eloquently put it “Love is better
than anger. Hope is better than fear. Optimism is better than despair. So let us
be loving, hopeful and optimstic. And we’ll change the world.”
Yes we will. Love you,
Your friend, Cathy Crowe
Sent from my BlackBerry
device on the Rogers Wireless Network, August 29, 2011
Important film:
For people
who have not seen the documentary ‘Shelter from the Storm’ directed and produced
by Michael Connolly Jack is in it and it is very powerful. It originally aired
on CBC. It is now viewable on line at Hot Docs:
http://www.hotdocslibrary.ca/en/detail.cfm?filmId=1662
Should
you like to order your personal copy of the DVD email me at
torontodisasterrelief@gmail.com
Charter challenge aims to force governments to create public housing May 26, 2010
Posted by rogerhollander in Canada, Housing/Homelessness, Human Rights.Tags: Canada, canada charter, canada government, canada housing, canada public housing, homeless, homelessness, housing, human rights, kirk makin, ontario government, public housing, roger hollander
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Jennifer Tanudjaua with her childen in their home in Toronto’s Jane-Finch area.
Kirk Makin Justice Reporter
From Wednesday’s Globe and Mail Published on Wednesday, May. 26, 2010 12:12AM EDT Last updated on Wednesday, May. 26, 2010 7:04AM EDT
One major obstacle stands between Jennifer Tanudjaja and her goal of becoming a successful career woman rather than a burden on the social welfare system – paying the rent.
Struggling to stay in school, the 19-year-old mother of two children plows most of her child welfare benefits and student assistance loan into a $998 per month tenement apartment in Toronto’s Jane-Finch neighbourhood. Meanwhile, she is mired at the bottom of a 10-year wait list for public housing.
Ms. Tanudjaja’s plight lies at the heart of a Charter of Rights challenge being filed on Wednesday in an attempt to persuade the judiciary to force governments to create low-cost public housing.
A coalition of social welfare groups that is launching the challenge seeks to compel the federal and Ontario governments to provide affordable housing for those who are homeless or impoverished by the cost of putting a roof over their heads.
One of the case histories the coalition is furnishing is that of Ms. Tanudjaja, a social work student who aims to be a probation officer. Just 13 years old when her mother handed her over to child welfare authorities, Ms. Tanudjaja ran away from a group home at 15 and then spent more than a year “couch-surfing” from one friend’s home to another.
Now, she can barely eke out her rent cheque after paying for food and public transit to college. “It is honestly not worth what I’m paying at all,” Ms. Tanjudjaja said. “There are bedbugs and tiles popping out of my walls, and my pipes leak really bad.”
The legal challenge harks back to the early, heady days when activists saw the Charter as a sweeping document that could induce reluctant governments to spend money on social programs.
Tracy Heffernan, a lawyer for the Advocacy Centre for Tenants Ontario, conceded that judges have become wary of poking their noses into expenditures of public money.
“But 25 years after we got the Charter, it is time to bring it back to the people,” she said. “To allow this crisis of homelessness and inadequate housing to expand and grow and further deepen that crisis is not a good thing for the country.”
The challenge is rooted in the Charter right to equality and to life, liberty and security. A legal brief prepared by Ms. Heffernan and lawyers Peter Rosenthal and Fay Faraday notes that the federal government once played a dominant role in providing public housing. They said that it later pushed public housing onto the provinces, which off-loaded it to municipalities, which lack the tax base to shoulder it.
The brief alleges that homelessness reduces life expectancy, causes single mothers to lose custody of their children and forces victims of domestic violence to return to abusive spouses. Cuts to social assistance have steadily added to the ranks of homeless people, it added.
“The result is that those in receipt of social assistance are often unable to obtain adequate housing, many become homeless, and many more are inadequately housed,” it said. “People who are homeless are perhaps the most marginalized, disempowered, precariously situated and vulnerable group in Canadian society.”
Ms. Heffernan said that a recent study conducted for the Senate found that, over a 10-year period, the homeless could be housed for half of what it will cost to treat the medical and social problems caused by homelessness.
The documents supporting the challenge also include an affidavit from Miloon Kothari, an Indian housing expert who served as the UN Special Rapporteur on Adequate Housing from 2000-2008.
“The most striking feature of my mission to Canada was the contrast between the abundance of resources available and the dire living conditions facing the most vulnerable in society,” Mr. Kothari said.
In another affidavit, Linda Chamberlain, a Toronto woman who is mentally ill, describes 30 years living in hostels or on the streets.
“Sometimes police would pick me up and take me to a shelter,” Ms. Chamberlain said in an interview. “You can’t imagine living in places infested with bed bugs and cockroaches or in a plastic bag, scared to death of being violated. I didn’t want to wake up because I was in such pain.
“You walk around like a zombie,” she said. “There is no hope there. You lose everything. If no one helps people get into a safe place to live, how can they turn their lives around?”
Los Angeles Accused of Criminalizing Homelessness July 15, 2009
Posted by rogerhollander in California, Housing/Homelessness.Tags: Antonio Villaraigosa, homeless advocates, homelessness, homelessness criminalized, la skid row, los angeles, los angeles homelessness, los angeles housing, panhandling, poverty, poverty criminalized, roger hollander, safer city, skid row, steve gorman
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LOS ANGELES – Two major advocacy groups for the homeless on Tuesday ranked Los Angeles as the “meanest” city in the United States, citing a Skid Row police crackdown they say has criminalized poverty and homelessness there.
![[A homeless activist visits "tent city", a terminus for the homeless in Ontario, a suburb outside Los Angeles, California December 19, 2007. REUTERS/Lucy Nicholson]](http://www.commondreams.org/files/article_images/tentcity-2.jpg "tentcity-2.jpg")
A homeless activist visits “tent city”, a terminus for the homeless in Ontario, a suburb outside Los Angeles, California December 19, 2007. REUTERS/Lucy NicholsonL.A.’s so-called Safer City Initiative was singled out in the groups’ report as the most egregious example of policies and practices nationwide that essentially punish people for failing to have a roof over their heads.
Others include making it illegal to sleep, sit or store personal belongings on sidewalks and other public spaces; prohibitions against panhandling or begging; and selective enforcement of petty offenses like jaywalking and loitering.
Such measures are widespread in the face of a deep economic recession and foreclosure crisis that have increased homelessness over the past two years, according to the National Law Center on Homelessness & Poverty and the National Coalition for the Homeless.
Their report examined laws and practices in 273 cities across the country, with Los Angeles topping the list of the 10 “meanest cities” for what the study called inhumane treatment of homeless. A previous report, issued in early 2006 before the crackdown began, ranked L.A. as the 18th meanest.
According to “Homes Not Handcuffs: The Criminalization of Homelessness in U.S. Cities,” the 10 Meanest Cities in 2009 are:
1. Los Angeles
2. St. Petersburg, FL
3. Orlando, FL
4. Atlanta, GA
5. Gainesville, FL
6. Kalamazoo, MI
7. San Francisco
8. Honolulu, HI
9. Bradenton, FL
10. Berkeley
Under the Safer City effort, thousands of L.A.’s most destitute residents have been targeted for harsh police enforcement, routinely receiving tickets for minor infractions such as the failure to obey crossing signals.
As a result, the study says, many are jailed and end up with a criminal record that makes it more difficult for them to find a job or gain access to housing.
A spokesman for Mayor Antonio Villaraigosa issued a statement dismissing the report as “short-sighted and misleading.”
Los Angeles officials have touted their Safer City effort for sharply curbing serious crime in Skid Row, a 50-block downtown area inhabited by the biggest concentration of homeless people in the country. “The city’s first priority is to protect our most vulnerable residents from violent crime,” the mayor’s statement said.
But homeless advocates say a promised strategy to ease homelessness there, including new housing and services to go with the Skid Row cleanup, have largely failed to materialize.
An estimated 40,000 people live on the streets, in abandoned buildings or in temporary shelters throughout Los Angeles, more than 5,000 of them in Skid Row. Another 8,000 make their home in that area’s short-term residential hotels, or flop houses as they were once called.
Becky Dennison, co-director of the Los Angeles Community Action Network, said the homeless population in Los Angeles has ballooned due to a lack of affordable housing, a high poverty rate and “long-standing lack of local resources.”
Tuesday’s report cited a 2007 University of California study that found L.A. was spending $6 million a year to pay for the 50 extra police officers who patrol Skid Row while budgeting just $5.7 million for homeless services.
By comparison, Dennison said, New York City has a “right to shelter” policy and invests about $200 million a year in housing and other services for the needy, resulting in a homeless population half that of Los Angeles.
© Thomson Reuters 2009
Hidden Homeless Emerge as US Economy Worsens March 26, 2009
Posted by rogerhollander in Housing/Homelessness.Tags: chronicaly homeless, Economic Crisis, economy, emergency housing, emergency shelter, hidden homeless, homeless, homelessness, housing crisis, housing shelters, roger hollander, skid row, steve gorman, suzanne hurt, tent city
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Published on Thursday, March 26, 2009 by Reuters
SACRAMENTO, Calif. – Emergency shelters brimming with homeless people in California’s capital are quietly turning away more than 200 women and children a night in a sign of the deteriorating U.S. economy.
![[A homeless person sleeps under a white blanket next to piles of garbage bags and a statue of Jesus outside St. Michael Roman Catholic Church Thursday, March 26, 2009 in New York. (AP Photo/Mark Lennihan)]](http://www.commondreams.org/files/article_images/homeless_economy.jpg "homeless_economy.jpg")
A homeless person sleeps under a white blanket next to piles of garbage bags and a statue of Jesus outside St. Michael Roman Catholic Church Thursday, March 26, 2009 in New York. (AP Photo/Mark Lennihan)The displaced individuals on waiting lists at St. John’s Shelter and other facilities often turn instead to relatives or friends for temporary living quarters, perhaps moving into a spare room, garage or trailer. The less fortunate might sleep in their cars or a vacant storage unit.
They are the hidden homeless. And their ranks appear to be growing as rising joblessness and mortgage foreclosures take their toll in Sacramento and other U.S. cities, experts say.
U.S. President Barack Obama recognized the trend in his televised news conference this week, saying, “the homeless problem was bad even when the economy was good,” and he vowed to bring greater government resources to bear to deal with it.
“It is not acceptable for children and families to be without a roof over their heads in a country as wealthy as ours,” he said.
A “tent city” of up to 200 homeless in Sacramento was thrust into the media spotlight last month as a symbol of the battered U.S. economy. California authorities said this week they would shut down the illegal settlement and find other shelter for its residents, most of them chronically homeless.
Homeless advocates say they expect such encampments, which already exist around the country, to spread as the housing crisis worsens and shelters fill up.
“I think there’s a slight trickle of people who’ve been at risk of homelessness who are winding up in tent cities or knocking on shelter doors,” said Michael Stoops, director of the National Coalition for the Homeless in Washington. “I expect a tremendous increase in homelessness over the next couple of years.”
Stoops, who has worked with the homeless for 35 years, said the newly dispossessed often retain some income and seek initially to downsize or find cheaper accommodations.
WORST NIGHTMARE
“Their worst nightmare would be winding up on the streets, in a tent city or a shelter,” he said. “That’s the last stage. They will do everything they can before that happens to them.”
Maria Romero, 52, who held a series of low-paying jobs over the years before steady work became hard to find, said she lived out of her automobile for a year before reluctantly moving to St. John’s Shelter in January.
“I’d rather be by myself. My car was my own space,” she said, adding she would never consider living in a tent city.
“It wouldn’t be safe, especially for a single female,” said Romero, a high school dropout forced by circumstance to live in a car or shelter more than once in her life.
Her experience illustrates the complexity of homelessness in America, where the most economically vulnerable are often the first to fall through the cracks during hard times.
The latest national figures, in a January report by the National Alliance to End Homelessness, actually showed a 10 percent decline in the homeless population two years ago — from about 744,000 per night in January 2005 to nearly 672,000 per night in January 2007.
But 36 of the 50 states reported increases and homeless advocates worry that the national trend will be reversed because of the deepening recession and housing crisis.
As of 2007, the report said, 42 percent of homeless people in the United States, and 70 percent of those in California, slept on the streets, in cars, tents or abandoned buildings.
The “Skid Row” area of Los Angeles is thought to have the nation’s highest concentration of homeless, with more than 5,000 counted in that 50-block area in 2007.
Experts say it typically takes six to eight months to go from losing one’s home to turning up at a shelter doorstep. Some already have noticed more than a trickle.
RUN ON THE SHELTERS
“I’ve never seen it like this before, and I have 30 years of experience working with the homeless,” said Darlene Newsom, head of the UMOM Day Centers emergency housing project in Phoenix, Arizona, where the number of homeless families seeking services has doubled in the past three months.
Loaves & Fishes, a Sacramento charity that supports the homeless, now provides a free lunch to about 650 people a day, up about 10 percent from a year ago, but private donations to the organization have been flat.
“We are struggling to keep our doors open,” director Joan Burke said.
Nearby St. John’s Shelter, which caters to women and children, has been running at or near capacity for months — filling roughly 100 beds a night — with a waiting list well over twice that long, case manager Kellie Dockendorf said.
This is up from the daily average of 80 women and children turned away in 2008. And getting in can take up to 45 days.
The mix of clientele is changing too, she said.
“We’re getting a lot more working people. We’re getting more people with education. We’re getting a lot more people who are working part-time or not getting enough hours to pay their bills,” she said.
Keysia Bell, 38, had made a living as a caregiver for the elderly until full-time work became harder to find.
After a period of paying to stay with friends or relatives for weeks or months at a time, then renting a house she could no longer afford, she ended up at St. John’s two months ago with her 17-year-old and 10-month-old daughters.
“I’m out of a job. I’m out of a place to stay. I have a baby daughter, and it all just became overwhelming,” she said.
(Additional reporting by Tim Gaynor in Phoenix; Editing by Doina Chiacu and Mary Milliken)
Foreclosed Homeowners Re-Occupy Their Homes November 25, 2011
Posted by rogerhollander in Economic Crisis, Housing/Homelessness, Occupy Wall Street Movement, Racism.Tags: #occupy movement, carolyn gage, evictions, forclosures, foreclosure crisis, home eviction, housing foreclosures, predatory lending, racism, roger hollander, zaineb mohammed
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SAN FRANCISCO – Carolyn Gage was evicted from her foreclosed home in January. Earlier this month, she moved back in.
Gage’s monthly payments spiked after her adjustable rate mortgage kicked in, and she could no longer afford the payments on her three-bedroom house in the city’s Bayview Hunters Point district. She says she tried to modify her loan with her lender, Florida-based IB Properties, but to no avail.
When Gage initially left about 10 months ago, she took some personal items with her, but left most of the furniture and continued paying for some utilities.
“It didn’t feel right for me to move. I just left my things because I knew I was going to return to them eventually,” she said.
She had to re-activate a few utilities when she returned, like the water, but found the process fairly easy.
Walking back into the house was an emotional moment for Gage, but a joyous one.
“I was like Dorothy in the Wizard of Oz; there’s no place like home,” Gage said. “It’s a family home; I plan to stay there.”
Gage was one of about two dozen homeowners who gathered Tuesday for a community potluck on Quesada Avenue for residents facing foreclosure and are refusing to leave their homes.
Homeowners expressed outrage at the way predatory lenders have targeted their community.
Residents of the Bayview are starting to see how the African-American community was especially victimized in the foreclosure crisis.
Gage believes that single women and elders in the black community were targeted for predatory loans. At the peak of the housing boom she was solicited for an adjustable rate loan to do some home improvements, even though she told the loan agent that she was on disability and did not have a steady income.
According to a report released last week by the Center for Responsible Lending, African Americans and Latinos were consistently more likely than whites to receive high-risk loan products. About a quarter of all Latino and African-American borrowers have lost their homes to foreclosure or are seriously delinquent, compared to under 12 percent for white borrowers.
Bayview residents Reverend Archbishop Franz King and Reverend Mother Marina King, who are founders of the St. John Coltrane African Orthodox Church, are also facing foreclosure. Their eviction date is set for Dec. 22.
King expressed deep anger and sorrow at the situation facing the black community in the Bayview.
“First redevelopment moved us out of the Fillmore and now we’re losing our properties too? It’s like there’s nowhere for us to go,” he said.
Grace Martinez, an organizer with Alliance of Californians for Community Empowerment (ACCE) who helped to arrange the event, commented that banks have become increasingly hostile to their efforts. “They call the police on us; they laugh at us.”
Vivian Richardson, a homeowner on Quesada Avenue whose house was also foreclosed on, also has no intention of leaving. Her current eviction date is set for Dec. 31, but she, like many of her neighbors, is asking her lender to reduce the principal on her loan in order to make the monthly payments more affordable.
Richardson has been attempting to modify her home loan for the past two years. Earlier this month, tired of the lack of communication from the lender, Aurora Loan Services based in Delaware, she worked with ACCE to coordinate an e-mail blast to Aurora’s chairman.
On Nov. 3, over the span of one to two hours, approximately 1,400 emails were sent and more than 100 phone calls made, imploring Chairman Theodore P. Janulis to stop Richardson’s eviction. A spokesperson from the bank called her an hour after the blast and asked her to send an updated set of financial information so that they could review her case.
Two weeks have passed and she has yet to hear anything further. The bank spokesperson commented that Richardson’s case is still being reviewed internally and they hope to get back to her by the end of next week.
However, Richardson has lived in her house for 13 years and plans to stay regardless of the bank’s decision.
“I will defend the home,” she said.
On Dec. 6, there will be a national day of action, “Occupy Our Homes,” where people across the country facing predicaments similar to Gage and Richardson may follow their lead.
Partly inspired by the Occupy movement, the day of action is supported by various community organizations like Take Back the Land and ACCE. The call to action is for people to move back into their foreclosed properties and to defend the properties of families facing eviction.
Martinez commented on the growing anger people are feeling. “The idea is, ‘I want what’s mine.’” She said many homeowners had trusted the banks and ultimately, “People were buying into a lie.”