Any pressure we can put on the banks is a great action in my book! I'll be at work but encourage everyone who can go to attend<br><br><div class="gmail_quote">On Sat, Jan 14, 2012 at 2:34 PM, Katie Gradowski <span dir="ltr"><<a href="mailto:katie.gradowski@gmail.com">katie.gradowski@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">Hey Banking Work Group! Want an action?<div><br></div><div>This one looks like fun :) It's NEXT TUESDAY, 9 a.m., same day as the auction protest. We can make it a two-fer.</div>
<div><br></div><div>Thoughts?</div>
<div><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Steve Meacham</b> <span dir="ltr"><<a href="mailto:smeacham@clvu.org" target="_blank">smeacham@clvu.org</a>></span><br>
Date: Sat, Jan 14, 2012 at 12:55 PM<br>
Subject: Action at B of A - 100 Federal St. - Tues Jan. 17 9:30 am<br>To: Steve Meacham <<a href="mailto:smeacham@clvu.org" target="_blank">smeacham@clvu.org</a>><br><br><br><p style="MARGIN:0in 0in 0pt" class="MsoNormal">
<span style="FONT-FAMILY:'Arial Black';FONT-SIZE:16pt">“Workout Counselors can fix this corruption!</span></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><span style="FONT-FAMILY:'Arial Black';FONT-SIZE:16pt">Give them the tools for Principal Reduction!”</span></p>
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<span style="FONT-FAMILY:'Arial Black';FONT-SIZE:16pt">Protest at Bank of America</span></p>
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<span style="FONT-FAMILY:'Arial Black';FONT-SIZE:16pt">Tuesday, Jan. 17</span></p>
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<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>
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<span style="FONT-FAMILY:'Arial Black';FONT-SIZE:16pt">Gather at 9:30 am at B of A</span></p>
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<span style="FONT-FAMILY:'Arial Black';FONT-SIZE:16pt">Press conference 10-10:30 am</span></p>
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<span style="FONT-FAMILY:'Arial Black';FONT-SIZE:16pt">(leave City Life offices at 8:45 am)</span></p></div>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3" face="Times New Roman"> </font></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><b><i><u><span style="FONT-SIZE:16pt"><font face="Times New Roman">If you have a snorkel or flippers, bring them along!<span> </span>While you march, you can carry a sign that says “Millions of underwater homeowners demand principal reduction!”</font></span></u></i></b></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3" face="Times New Roman"> </font></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3" face="Times New Roman">Dear friends,</font></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3"><font face="Times New Roman"><span> </span><span> </span>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.<span> </span>Many of these workout counselors are our friends and do excellent work.<span> </span>But they don’t have the tools they need to fix the crisis.</font></font></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3"><font face="Times New Roman"><span> </span>We know what tools they need and we’ve been demanding it for 5 years:</font></font></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3"><font face="Times New Roman"><b><u>PRINCIPAL REDUCTION</u></b>.<span> </span>Reduce the amount owed.<span> </span>Don’t put principal on the end of the loan as a balloon payment.<span> </span>Don’t extend the term.<span> </span>Reduce the amount OWED.<span> </span>The Banks deliberately ran up real estate values as part of the housing bubble.<span> </span>The bubble burst as they knew it would.<span> </span>The Banks should fix the crisis by reducing principal to real value.</font></font></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><u><span style="TEXT-DECORATION:none"><font size="3" face="Times New Roman"> </font></span></u></p>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><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 style="MARGIN-TOP:0in" type="1">
<li style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3" face="Times New Roman">Reduce principal to real value as part of loan modification</font></li>
<li style="MARGIN:0in 0in 0pt" class="MsoNormal"><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 style="MARGIN:0in 0in 0pt" class="MsoNormal"><font size="3" face="Times New Roman">Stop all no-fault evictions.<span> </span>Accept the rent!</font></li></ol>
<p style="MARGIN:0in 0in 0pt" class="MsoNormal"><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 style="MARGIN:0in 0in 0pt" class="MsoNormal"><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>
</div><br><font color="#888888"><br clear="all"><div><br></div>-- <br><a href="http://www.partsandcrafts.org" target="_blank">www.partsandcrafts.org</a><div><br></div><br>
</font></div>
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