Thursday, 2 August 2012

Stein and Honkala arrested in protest of foreclosure giant Fannie Mae



 The protest was originally called for by the Poor People's Economic Human Rights Campaign to demand that the giant mortgage company halt foreclosure proceedings against two Philadelphia residents in danger of losing their homes. 

Stein joined the protest after Cheri Honkala joined her as Stein's vice presidential running mate. Honkala, a former homeless single mother, has been confronting banks and mortgage companies for decades demanding that they adopt policies that will, "keep families in their homes."

In explaining why she joined the protest, Stein said that almost half of Americans now live in poverty or near poverty, eight million families face eviction from their homes due to foreclosures, and over a third of mortgage holders are "underwater" - meaning that they owe more to the lenders than their properties are worth on the market. 

Said Stein, "The developers and financiers made trillions of dollars through the housing bubble and the imposition of crushing debt on homeowners. And when homeowners could no longer pay them what they demanded, they went to government and got trillions of dollars of bailouts. Every effort of the Obama Administration has been to prop this system up and keep it going at taxpayer expense.

It's time for this game to end.

 VOTE GREEN




No comments: