In this email:
* Demonstration on Thursday
* Online petition link
* Coalition meeting on Saturday
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Bail out the People - Not the Banks!
Demand a Federal Moratorium on Foreclosures NOW!
Thursday, Sept. 25, 2008 4 :30 PM
Gather at the Spirit of Detroit statue, Woodward and Jefferson,
Detroit
March through Financial District
a.. Demand that the first item in any emergency federal legislation
be protection for the victims of this crisis, the millions facing
foreclosures and millions of others who are seeing their communities
destroyed by the foreclosure epidemic brought on by the predatory
lending and fraud of the financial industry.
a.. Demand the enactment of an immediate 2 year federal moratorium on
all foreclosures. Such a moratorium is mandatory under federal law,
which mandates the imposition of a moratorium on foreclosures whenever
there is a declaration of a State of Emergency.
a.. During the moratorium, an oversight committee of community
representatives, civil rights organizations, unions should review and
adjust every mortgage in the country, so people's house payments reflect
the real values of their homes and their ability to pay. Such oversight
cannot be left to the bankers or even to federal judges who are often
disconnected from the reality facing working people today.
a.. Demand that rather than spending $1 trillion of taxpayer money to
bail out Wall Street, that money be used to guarantee people's needs,
for decent jobs, health care, education, etc. It is the decline in
wages, massive restructuring that has eliminated millions of decent
paying jobs, and spiraling health costs that in large part has brought
on this crisis, forcing people to take out unaffordable predatory loans
just to survive.
The Moratorium Now! Coalition has been pressing for a statewide
moratorium on foreclosures in Michigan and recently held a demonstration
in Lansing, MI to support SB 1306, which would put such a moratorium
into effect.
The Coalition is also demanding that new Detroit Mayor Kenneth Cockrel
declare a State of Emergency in Detroit, the hardest hit city in the
country by the foreclosure epidemic with an 18% home vacancy rate, and
formerly apply to Governor Granholm to place a moratorium on
foreclosures in Detroit pursuant to MCL 10.31
For more information call (313) 319-0870 or (313) 887-4344
leaflet is attached
For those outside of metro Detroit - Organize your own picket or
demonstration
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SIGN THE ONLINE PETITION demanding the Feds implement an
IMMEDIATE MORATORIUM ON FORECLOSURES AND EVICTIONS, NOW!
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