Home Owners Demand Obama Jail Bankers

Over twenty-five Home Defenders League throughout the nation will converge on the Steps of the Justice Department in Washington D.C. on May 20th to demand that bankers go to jail.

Special to the Post Home Defenders League groups from 25 areas across the country  are converging  on Washington D.C. next week to protest at the Department of Justice to demand that President Obama prosecute Wall Street banks that gutted the economy. The Home Defenders League is hosting a week of actions, teach-ins, sit-ins and press conferences to highlight that taxpayers are still paying for bank greed and recklessness while homeowners remain underwater and deal with illegal foreclosures. Currently 15.7 million homeowners in the U.S. are underwater with mortgages higher than the home is worth. After experiencing years of broken promises by the banks and the failed assistance efforts from the federal government, homeowners and organization such at the Alliance of Californians for Community Empowerment (ACCE) will demand that politicians and candidates seeking office make banks pay back the damages they have done to the community and to families. Families have lost homes in record numbers while banks benefited during the foreclosure crisis.  In 2012, Wells Fargo realized a record-breaking profit of $15.9 million. Bank of America $2.1 billion and JP Morgan Chase $5.4 billion. Beginning Monday, the Home Defenders League will demand that banks reset mortgages and reduce principal to current market value – allow families to stay in their homes, paying rent post foreclosure; and allow families the right of “first refusal” to buy back their home at real current value. Protesters are also calling for  a moratorium of foreclosures to be enacted until due process and fairness is ensured. Home Defenders are requesting that concerned citizens call their representative(s) and demand that “Too Big to Fail” and “Too Big to Jail” bankers be held accountable for their actions. For information go to: “100 Day Campaign to Fix What Wall Street Broke” website at salsa.wiredforchange.com
Share Button
Print Friendly

Filed under: Articles

Post a comment

Your email is never shared. Required fields are marked *

*
*

Current day month ye@r *