National

2000 March in LA and Rose Gudiel Declares Victory, Oct. 6, 2011


 CALIFORNIA—(ENEWSPF)—October 6, 2011. The day after thousands marched against Wall Street banks in NY, over 2000 people are marched through downtown LA to protest Wall Street banks for destroying jobs and neighborhoods with their greedy, reckless and predatory business practices. The LA march is sponsored by the ReFund California campaign.

The intersection of Figueroa and 7th outside Bank of America was overtaken by marchers while 11 people occupied Bank of America in downtown LA, refusing to leave until Bank of America commits to keep families in their homes, pay their fair share of taxes and help rebuild hard-hit neighborhoods.  When they refused to leave they were arrested by LAPD.

 Meanwhile, outside the bank, homeowner Rose Gudiel, a member of the Alliance of Californians of Community Empowerment (ACCE) and the ReFund California campaign, who was arrested at a Fannie Mae office in Pasadena protesting a foreclosure announced in front of the crowd that one day after being arrested at Fannie Mae that her eviction has been halted and she is meeting with Fannie Mae to discuss a modification of her loan.

“I’d like to announce that the bank called me today to arrange a meeting, to discuss a modification proposal from Fannie Mae.  I have also learned that my eviction has been canceled.  We are very happy that they have finally come to the table, and I hope they are serious about negotiating a reasonable modification, which is what I have been requesting for over two years. And I hope that they will change their policies to stop taking the homes the thousands of hardworking families facing preventable foreclosure.  Thank you.”

Read LA Times coverage of ReFund California this week: “Southern California Protests Gain Momentum with Union Support”

Last night nine were arrested at a Fannie Mae office in Pasadena protesting a foreclosure

The march is the culmination of a week-long series of actions in the Los Angeles area by the Refund California campaign, a state-wide effort of homeowners, community members, faith leaders and students, who are pressuring  banks to keep families in their homes, pay their fair share of taxes and help rebuild hard-hit neighborhoods. The events began on Monday Oct. 3 and will end on Thursday, Oct 7.

The actions follow the historic decision of California Attorney General Kamala Harris to reject a settlement with banks over the foreclosure mess, with protests against Wall Street growing in cities from coast to coast. The ReFund California actions are part of a 10-city campaign aligned with The New Bottom Line, a nationwide coalition of 1,000 faith-based and community organizations that seek to hold Wall Street accountable.

The goals of the campaign are to:

Fix Housing to Fix the Economy Enact a widespread mortgage principal reduction program, creating 300,000 California jobs and injecting over $20 billion into the economy.

Pay Fair Share  Close property tax loopholes, increase taxes on top 1% and corporations, stop ripping off taxpayers with financial schemes like interest rate swaps

Stop Destroying Neighborhoods  Stop foreclosure blight, support small business lending and create jobs.  Reinvest profits into putting people back to work and rebuilding our economy.

Read the article in the LA Times ,”Bank protesters arrested after trying to cash $673-billion check”

Watch this clip from the march:

More information on the campaign can be found at www.makebankspayLA.com


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