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Help Resist Big Bank Foreclosures and Evictions | The Nation

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Help Resist Big Bank Foreclosures and Evictions

To casual observers, it might appear as if the Occupy movement faded away this winter as suddenly as it burst onto the scene in September. But, in fact, in living rooms, in donated office spaces and in indoor parks, Occupy organizers are busy planning for a spring of concerted action.

Occupy Our Homes has been particularly active in resisting foreclosures and evictions in dozens of cities nationwide. Meanwhile, other Occupy activists have been undertaking an aggressive effort to get the Federal Housing Finance Authority (FHFA) to do its job, which seems impossible under the leadership of Edward DeMarco. A host of community groups are calling for his resignation, on the grounds that he has repeatedly sided with Wall Street and big banks and blocked requests by Congress and the Obama administration to provide relief to millions of homeowners by reducing mortgages to their fair market value.

 TO DO

The FHFA is supposed to do everything in its power to help Americans avoid foreclosure, but DeMarco's FHFA has consistently backed Wall Street and the banking sector and rebuffed efforts to restore mortgages to fair market value. President Obama can show that he’s serious about standing with the 99 percent by firing DeMarco. Join the call and implore the President to find a new FHFA director who will work on behalf of homeowners, not the big banks. After weighing in, share this info with friends, family, Facebook friends and Twitter followers.

 TO READ

This examination by Huffington Post business editor Peter Goodman explaines why the single largest obstacle to meaningful economic recovery is a man whom most Americans have never heard of, Edward J. DeMarco.

 TO WATCH

On March 7, the Congressional Progressive Caucus organized an event on the steps of the US Capitol, where Rose Gudiel, a homeowner who successfully challenged her dubious foreclosure, told her inspiring story and called on President Obama to fire DeMarco.

A weekly guide to meaningful action, this blog connects readers with resources to channel the outrage so many feel after reading about abuses of power and privilege. Far from a comprehensive digest of all worthy groups working on behalf of the social good, Take Action seeks to shine a bright light on one concrete step that Nation readers can take each week. To broaden the conversation, we'll publish a weekly follow-up post detailing the response and featuring additional campaigns and initiatives that we hope readers will check out. Toward that end, please use the comments field to give us ideas. With your help we can make real change.

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