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Retribution Against the Financial Elite!

NYers Blockade Home Foreclosure Auctions with Week of Sing-In Actions in Brooklyn, Queens & the Bronx

Posted 2 years ago on April 16, 2012, 6:53 a.m. EST by OccupyWallSt

In support of homeowners facing foreclosure and eviction in NYC, members of Occupy Wall Street (OWS) and other community groups will conduct vibrant singing protests and raise the people’s voices at foreclosure auctions in Queens, Brooklyn and the Bronx next week, with the aim to: disrupt the sale of people’s homes and the eviction of their occupants; call for a moratorium on all foreclosures; demand justice for all New Yorkers struggling for affordable housing; confront Wall Street’s unchecked power to put profits over people’s right to housing. Watch the October 13th rendition of “Listen Auctioneer” at the Brooklyn foreclosure auction blockade http://bit.ly/IBucZA.

MONDAY, April 16th, 2pm
Bronx Supreme Court, Rm 600. 851 Grand Concourse, Bronx
Who: Organizing for Occupation (O4O), OWS

THURSDAY, April 19th, 3pm
Kings County Supreme Court, 360 Adams St, Brooklyn
Who: Occupy Faith, Catholic Worker, Jews for Racial & Economic Justice (JFREJ)

FRIDAY, April 20th, 11am
Queens Supreme Court, 8811 Sutphin Boulevard, Queens
Who: Occupy Queens, Columbia Univ students, Occupy the New School

Everyone has the right to live freely, securely, peacefully and with dignity in his or her home. In the US there are over three times as many “people-less” homes as home-less people. Financial institutions have stripped individuals and communities of their savings and property while receiving $7.7 Trillion in taxpayer bail-outs.

“At the same time that banks are getting bailed out, rental assistance programs are being reduced–even completely eliminated,” says housing rights activist and organizer Blair Ellis. “Empty buildings fill New York City boroughs, while those in need of housing are forgotten by our economic and political system. Those lucky enough to remain in their homes are increasingly burdened with the escalating cost of rent and mortgage loans. This American Dream is becoming a nightmare for millions of the middle class and poor people.”

There are over 100,000 homes in foreclosure in New York State due to subprime and predatory loans; now New Yorkers with “fair” (or “prime”) loans are also missing payments and falling into foreclosure because of unemployment, under-employment and mounting healthcare costs among other issues.

“We can create meaningful, community based solutions to keep people in their homes and return land in our communities back to the people who live in them,” says Heath Madom, a local housing rights advocate. “We look forward to the day when all bank-owned property—occupied and vacant—is returned to community control and made permanently affordable.”

Where the system has failed the people and upheld the bank’s rights to profit:

  • The big banks were bailed out first under the Troubled Asset Relief Program (TARP) and again in the recent settlement brokered by NY Attorney General Schneiderman. TARP gave the big banks the money they needed to stay afloat and, in return, left to the banks’ discretion whether to foreclose on families’ homes or sell the homes at auction. Schneiderman’s settlement is a slap on the wrist that gives the banks blanket immunity for widespread fraud in exchange for providing some, but not all, ailing homeowners no more than $2,000 in assistance.

  • New York’s “Settlement Conferences” are a massive failure because banks won’t agree to affordable loan modifications and the federal Home Affordable Modification Program (HAMP) gives the same banks we bailed out with our tax dollars the discretion to modify loans or auction off homes. They would rather auction them off.

2 Comments

2 Comments


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[-] 1 points by JamesS89118 (646) from Las Vegas, NV 2 years ago

Thank you all.

[-] 1 points by jimevanhoe1 (55) 2 years ago

Obama, U.S. Treasury Secretary and Federal Reserve Chairman are incompetent...................when they bailed out the corrupt financial institutions of Goldman-Sachs, AIG etc, they should have reorganized Homeowner Loans-Mortgages, could it have been accomplished, absolutely, but did they or Congress do this in 2008,2009, 2010 or 2012, NO. An interview on national TV said they were not organized enough to do the job.........

now get this.......they have multiple Super Computers................and the largest workforce..........in the country............the GAO.......the IRS........and a whole lot of Congress: Men and Women....with staff members who number into the thousands..........

all of them took paid Summer Vacations..........

in 2009

in 2010

in 2011

and now in 2012..........................

they also took paid Vacations

at Christmas and New Years

in 2009

in 2010

in 2011

and you can bet in 2012...........................

and 10 other paid Holidays.......................

If you add all of this time up......it equals.....1 million hours

where by they could have fixed completely the Problem of US Citizens Losing Their Homes....but did they....absolutely not...................

Obama had time to Drink with the Queen of England in England

Michelle Obama had time to Drink with the King and Queen of Spain in Spain

and they have had time to fly on the Presidential 747 to Hawaii to Vacation for weeks on end,

but some how they: Obama, Congress, and the financial institutions that got bailed out didn't have time to figure out how to save millions of American families, fathers mothers sons and daughters, men, women, girls and boys, families who have now a debt load or destroyed credit ratings that may never be repaired. Fathers and Mothers who have failed their families...........lost their homes, their businesses, their autos, lost the ability to send their children or even themselves to high education............a Global Loss of $87 Trillion estimated at the time of collapse.

Obama, Congress, and all the millions of Government Employees and Institutions.......Just No Time to Repair the Damage....

but plenty of Time to Bail Out Wall Street.....

drink with Monarchs ..............

and take holidays.............

Obama & Congress, Republicans and Democrats are absolute failures to the American People............at best pathetic, at least perverted,........Obama, Pelosi, Reid and the rest.........will go down in U.S. History, Global History as failed leaders, again pathetic at best.

.....They absolutely knew that Boy George and his Cronies destroyed the USA for the Middle Class and the Poor and did almost nothing to completely correct and repair the damage...................> Our Future.

IT is time to throw them all out of Office, take them off the Taxpayer's Payroll, off of Government benefits such as full healthcare.

The Scale.....the largest Financial Failure in Global History....does not

deserves Re-Election.....Obama, Pelosi and Reid are absolute Failures

They have basically allowed Our Future to be stolen by Bush Jr. (Boy George and his Cronies)

Obama, Pelosi, Reid, the Republicans, Bush, the Democrats, and Wall Street........are nothing more than Terrorists.

Years ago Americans raised up and destroyed those that controlled them, the British Monarchy rule, the French destroyed their Monarchy and it is time to destroy our Monarchy of Public Corruption & that of Wall Street.

IT is time to Vote Them All Out!......everyone last one.........

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