[Street] [Ideas] [Outreach] Bring your swimwear - underwater mortgage rally tomorrow at BOA!
Stephanie Skier
skier at post.harvard.edu
Tue Jan 17 09:55:03 EST 2012
Where is everyone? I've been here wearing my wetsuit with the 99% button
at BoA at 100 Federal Plaza and see no one. I don't have my phone for
security reasons and am currently emailing you from a nearby location.
Please respond with any information!
Solidarity,
Stephanie
On Mon, Jan 16, 2012 at 3:54 PM, Katie Gradowski <katie at occupyboston.org>wrote:
> Hey all!
>
>
> This is short notice, but it looks like fun!
>
>
> Tomorrow at 9:30, City Life will be holding a rally at BOA to protest
> underwater mortgages. Details below, and here<http://www.facebook.com/events/280677958660232/>!
> We've done a number of actions with CLVU recently, all a lot of fun, and
> hugely successful. Also on Tuesday, a group of us will be going to Everett
> at 1:30 (leaving around 12:30) to participate in an auction protest to
> support a member whose home is up for sale. All are welcome - if you'd
> like to join that action, email katie at occupyboston.org.
>
>
> In the meantime, if you're in the downtown area, bring a sign, don a pair
> of goggles, and join in the rally!
>
>
> ********************************************
>
> "Workout Counselors can fix this corruption!
>
> Give them the tools for Principal Reduction!”
>
> Protest at Bank of America
>
> Tuesday, Jan. 17
>
> 100 Federal St. downtown
>
> Gather at 9:30 am at B of A
>
> Press conference 10-10:30 am
>
> (leave City Life offices at 8:45 am)
>
>
>
> *If you have a snorkel or flippers, bring them along! While you march,
> you can carry a sign that says “Millions of underwater homeowners demand
> principal reduction!”*
>
>
>
> Dear friends,
>
> Bank of America is inviting workout counselors from the region
> to a special training on how to do loan modification on Bank of America
> loans. Many of these workout counselors are our friends and do excellent
> work. But they don’t have the tools they need to fix the crisis.
>
> We know what tools they need and we’ve been demanding it for 5
> years:
>
> *PRINCIPAL REDUCTION*. Reduce the amount owed. Don’t put principal on
> the end of the loan as a balloon payment. Don’t extend the term. Reduce
> the amount OWED. The Banks deliberately ran up real estate values as part
> of the housing bubble. The bubble burst as they knew it would. The Banks
> should fix the crisis by reducing principal to real value.
>
> * *
>
> *We demand that Bank of America (and all Wall St. Banks)*
>
> 1. Reduce principal to real value as part of loan modification
> 2. If “1” doesn’t happen, sell the property to occupants or a
> non-profit at real value
> 3. Stop all no-fault evictions. Accept the rent!
>
> *Attached is our question and answer sheet on “why principal reduction”*
>
> *City Life organizing staff will be in Monday afternoon on the holiday
> for questions.*
>
> --
> Due to the present financial situation, the light at the end of the tunnel
> will be switched off to save on electrical costs until further notice.
>
>
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