The coronavirus crisis is testing most households and businesses in California, pushing some to the very brink of what they can bear before falling off a cliff.
A Black West Oakland family is set to be forcefully thrown out of their home in days by NationStar Bank. Annette Miller and her family have lived in their home for the last 60 years and are among the oldest Black homeowners in a quickly gentrifying West Oakland. “They’ve foreclosed on a lot of people around here.” Neighbors have pledged to fight back to keep this home in the hands of the Miller family.
The story of the violent crime of foreclosure and its roots in capitalist greed has been covered, albeit rarely, in mainstream and independent media. But the never heard voices are those of the thousands of families and disabled elders – majority people of color, like Ms. Galves – who have been literally thrown into the streets post-foreclosure and are now homeless.
Welcome to the climate crisis. There’s nothing abstract about it. It isn’t some apocalypse decades away or an event that comes down like one big hurricane to wipe us all out. It’s Hurricane Sandy. It’s all the economic, political and social conditions that were already in place. And it’s the opportunity for forces of profit and repression to push their agenda forward in the aftermath. But guess what: The climate justice movement isn’t so abstract either. This is it. It’s dedicated organizers recognizing how their work can be aligned across issues. It’s relief providers and hard-working volunteers transforming into activists and community leaders.
Supervisor John Avalos’ resolution calling for a suspension of foreclosure activities in the City and County of San Francisco passed in an 11-0 vote at the Board of Supervisors. It signals the City’s resolve to protect homeowners from unfair and unlawful actions until state and federal protections are in place.
Supervisor John Avalos is calling for suspension of foreclosure activities in San Francisco. Rally to support Avalos’ resolution Tuesday, March 20, 12 noon, on the City Hall steps, Van Ness side, where foreclosure sales are held. “We have to do everything in our power to stop any more foreclosure fast-tracking,” he said.
When Tanya Dennis, an Oakland public school teacher and reporter for the Post newspaper, reclaimed her home last year, she eventually received a fair modification from Wells Fargo Bank. However, at that time, Tanya acknowledged that her fight with Wells Fargo was only half over as she turned her attention to saving her 91-year-old mother’s home also.
The Wall Street Journal reported on Jan. 19 that the Obama administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal. The settlement would let Wall Street bankers off the hook for crimes that would land the rest of us in jail.
Martha Biggs and her four children – displaced like so many others from Cabrini Green and currently homeless – will be moving into a house at King and 72nd Street near Meyering Park, two years vacant and foreclosed on by one of the top four banks responsible for home foreclosure in Chicago: Deutsche Bank.
Labeled a crime fighting tool, gang injunctions are ineffective, counter-productive and further strain the relationship between residents and police. Pack the courtroom Friday, May 6, 2 p.m., 1225 Fallon, Dept. 20, Oakland, for a hearing on the Fruitvale gang injunction.
Congresswoman Maxine Waters and the African American members of the House Financial Services Committee were recently honored by the NNPA - the Black Press of America - for their work to strengthen the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Eight young people, who the Fire Department said were “trying to stay warm,” perished in a raging fire during the night of Dec. 28 in New Orleans. Will we look into our abandoned buildings and look into the eyes of our abandoned daughters and sons and sisters and brothers? Will our nation address unemployment, high housing costs and low wages? Or will the fires continue and the lives end?
Christmas in Richmond is an event which feeds and clothes people who are less fortunate than others. It started in 2006 by one family's unselfishness around the holiday season.
The original owner of the home is sitting in the catbird seat and doesn’t know it. Millions of people who THINK they have lost their homes still own them. If we the people pick up the tab for more Wall Street bankruptcies, we should insist on owning the banks.
Foreclosures are soaring. Some housing experts say 4 million foreclosures are possible in 2010. To fight back, organizations across the U.S. are engaging in “housing liberation” and “housing defense” to exercise their human rights to housing. Here are a few examples.
It is time for a revolution. Government does not work for regular people. It appears to work quite well for big corporations, banks, insurance companies, military contractors, lobbyists, and for the rich and powerful. But it does not work for people.
“I applaud and welcome the passage of H.R. 4173, The Wall Street Reform and Consumer Protection Act,” declared Congresswoman Barbara Lee, chair of the Congressional Black Caucus (CBC), several of whose members, led by Congresswoman Maxine Waters, were responsible for the bill’s key provisions. "Nobody has more at stake here than Black America," says Kai Wright, senior writer for The Root.
I believe healthcare, housing and education are basic human rights, not privileges. Nancy Pelosi, my opponent, can come up with $850 billion when her buddies need it; now, my buddies, THE PEOPLE, need a bailout!
Banco de Venezuela is one of the most important banks in Venezuela, with a 12 percent share of the market in loans and obtained profits of US$170 million in the first half of 2008, a 29 percent increase on 2007, when its profits had already increased by 20 percent. It has 285 offices and 3 million customers. Banco de Venezuela was nationalized in 1994 after a massive banking crisis which bankrupted 60 percent of the banking sector, only to be privatized in 1996 and bought by the Spanish multinational banking group Grupo Santander for only US$300 million. In only nine months Grupo Santander recovered its original investment.
As the foreclosure crisis worsens, the Federal Reserve Board (the Fed) is proposing rules to restrict abusive mortgage lending practices. While this is a good step, 32 California groups assert that not enough is being done to help working families and their neighborhoods, encouraging stronger rules to protect families from being sold loans they cannot afford.