Monday, September 13, 2010

Activists tell Bank of America: Stop foreclosures!

Activists tell Bank of America: Stop foreclosures!: "Members of the Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shutoffs along with other labor, community and student supporters took on Bank of America on Sept. 1 with a protest outside a main BOA branch in downtown Detroit. Protesters were livid that BOA, which has received billions in bailout money from the U.S. government, refuses to modify Michelle Hart’s mortgage.

WW photo: Bryan G. Pfeifer
Protesters loudly chanted, “Stop foreclosures, stop evictions! Moratorium now!” and “Bail out the people, not the banks!” while hoisting placards demanding relief for the Hart family; a moratorium on foreclosures, evictions and utility shutoffs; and a federally funded jobs program.

Like millions of people around the country, Hart lost her job, fell behind in her mortgage and then found temporary work at reduced wages. Now she is able and willing to make her mortgage payme"


The coalition is asking people around the country to contact BOA’s CEO at and ask why BOA refuses to modify Michelle Hart’s loan and refuses to participate in the Helping Hardest Hit Homeowners program.

ED note and this is my opnion: ATTN: BRIAN MOYNIHAN are you going to address the problems or not. YOUR company would not even ALLOW people to apply for modification. Your company ADVERTISED that it was lowering principle... has ANYONE received that principle reduction?

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