Hey all! Does anyone want to run point on organizing an OB team to participate in Tuesday's BOA rally? I would, but I'm going to be organizing folks to go to the auction protest at 1, and want to make sure that doesn't fall off the radar. I'm wary of piling on too many actions and stretching ourselves thin --- HOWEVER, flippers, snorkels, swimsuits? What do people think? <div>
<br></div><div>Canvassing today was awesome. We went to 50 houses. One of whom had no idea that the house was in foreclosure, and (I think) will now be going to meetings. I'll write up a longer report-back in short order -- in the meantime, details below! </div>
<div><br></div><div>Best,</div><div><br></div><div>Katie<br><div><br></div><div>********************************************************************************************************************</div><div><br></div><div>
<div class="gmail_quote" style><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><span style="font-family:'Arial Black';font-size:16pt">“Workout Counselors can fix this corruption!</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><span style="font-family:'Arial Black';font-size:16pt">Give them the tools for Principal Reduction!”</span></p><div style="border-bottom-color:windowtext;border-bottom-width:4.5pt;border-bottom-style:double;border-left-color:windowtext;border-left-width:4.5pt;border-left-style:double;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;border-top-color:windowtext;border-top-width:4.5pt;border-top-style:double;border-right-color:windowtext;border-right-width:4.5pt;border-right-style:double;padding-top:1pt">
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<span style="font-family:'Arial Black';font-size:16pt">Protest at Bank of America</span></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in;border-bottom-width:medium;border-bottom-style:none;border-bottom-color:initial;border-left-width:medium;border-left-style:none;border-left-color:initial;padding-bottom:0in;text-indent:0.5in;padding-left:0in;padding-right:0in;border-top-width:medium;border-top-style:none;border-top-color:initial;border-right-width:medium;border-right-style:none;border-right-color:initial;padding-top:0in">
<span style="font-family:'Arial Black';font-size:16pt">Tuesday, Jan. 17</span></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in;border-bottom-width:medium;border-bottom-style:none;border-bottom-color:initial;border-left-width:medium;border-left-style:none;border-left-color:initial;padding-bottom:0in;text-indent:0.5in;padding-left:0in;padding-right:0in;border-top-width:medium;border-top-style:none;border-top-color:initial;border-right-width:medium;border-right-style:none;border-right-color:initial;padding-top:0in">
<span style="font-family:'Arial Black';font-size:16pt">100 Federal St.</span><span style="font-family:'Arial Black';font-size:16pt"> downtown</span></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in;border-bottom-width:medium;border-bottom-style:none;border-bottom-color:initial;border-left-width:medium;border-left-style:none;border-left-color:initial;padding-bottom:0in;text-indent:0.5in;padding-left:0in;padding-right:0in;border-top-width:medium;border-top-style:none;border-top-color:initial;border-right-width:medium;border-right-style:none;border-right-color:initial;padding-top:0in">
<span style="font-family:'Arial Black';font-size:16pt">Gather at 9:30 am at B of A</span></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in;border-bottom-width:medium;border-bottom-style:none;border-bottom-color:initial;border-left-width:medium;border-left-style:none;border-left-color:initial;padding-bottom:0in;text-indent:0.5in;padding-left:0in;padding-right:0in;border-top-width:medium;border-top-style:none;border-top-color:initial;border-right-width:medium;border-right-style:none;border-right-color:initial;padding-top:0in">
<span style="font-family:'Arial Black';font-size:16pt">Press conference 10-10:30 am</span></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in;border-bottom-width:medium;border-bottom-style:none;border-bottom-color:initial;border-left-width:medium;border-left-style:none;border-left-color:initial;padding-bottom:0in;text-indent:0.5in;padding-left:0in;padding-right:0in;border-top-width:medium;border-top-style:none;border-top-color:initial;border-right-width:medium;border-right-style:none;border-right-color:initial;padding-top:0in">
<span style="font-family:'Arial Black';font-size:16pt">(leave City Life offices at 8:45 am)</span></p></div><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><font size="3" face="Times New Roman"> </font></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><b><i><u><span style="font-size:16pt"><font face="Times New Roman">If you have a snorkel or flippers, bring them along! While you march, you can carry a sign that says “Millions of <span class="il" style="background-image:initial;background-color:rgb(255,255,204)">underwater</span> homeowners demand principal reduction!”</font></span></u></i></b></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><font size="3" face="Times New Roman"> </font></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in">
<font size="3" face="Times New Roman">Dear friends,</font></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><font size="3"><font face="Times New Roman"> 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.</font></font></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><font size="3"><font face="Times New Roman"> We know what tools they need and we’ve been demanding it for 5 years:</font></font></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><font size="3"><font face="Times New Roman"><b><u>PRINCIPAL REDUCTION</u></b>. 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.</font></font></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><u><span style="text-decoration:none"><font size="3" face="Times New Roman"> </font></span></u></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in">
<u><font size="3"><font face="Times New Roman">We demand that Bank of America (and all Wall St. Banks)</font></font></u></p><ol type="1" style="margin-top:0in"><li class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in">
<font size="3" face="Times New Roman">Reduce principal to real value as part of loan modification</font></li><li class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><font size="3" face="Times New Roman">If “1” doesn’t happen, sell the property to occupants or a non-profit at real value</font></li>
<li class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in"><font size="3" face="Times New Roman">Stop all no-fault evictions. Accept the rent!</font></li></ol><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in">
<i><font size="3"><font face="Times New Roman">Attached is our question and answer sheet on “why principal reduction”</font></font></i></p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0pt;margin-left:0in">
<i><font size="3"><font face="Times New Roman">City Life organizing staff will be in Monday afternoon on the holiday for questions.</font></font></i></p><font color="#888888"></font></div><span style><br class="Apple-interchange-newline">
</span><div><br></div><div><br></div>-- <br>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. <br><br>
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