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Frustrated L.A. Residents, Homeowners to Hold Major March TODAY and Protest Against Big Banks in Downtown LA , Oct. 6, 2011


LA residents fed up after years of predatory business practices devastating local neighborhoods, the economy

LOS ANGELES—(ENEWSPF)—October 6, 2011.  Hundreds of homeowners and Los Angeles-area residents will march through downtown Los Angeles on Thursday to protest major Wall Street banks for destroying jobs and neighborhoods with their greedy, reckless and predatory business practices.  March participants will protest outside the offices of Wall Street banks including Bank of America, Chase and Wells Fargo.  Borrowers facing foreclosure will be risking arrest in order to get their bank to work with them.

The march will culminate with a rally inside the lobby of the downtown office building of a major national bank.

The event 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. 

What:   Hundreds of people march and protest against banks in Downtown LA

When:  Thursday, Oct  6 at noon      

Where: Action begins at California Plaza, 350 S. Grand Ave., LA 90071

 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.

  1. 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
  2. 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.

The campaign also is supporting the efforts of La Puente homeowner Rose Gudiel, who is fighting an eviction by banks by refusing to leave her home. The Gudiel family, together with friends and supporters, are camped out at the house, ready to resist efforts by the LA County Sheriff’s Department to carry out the eviction.

A full list of California events can be found at http://tinyurl.com/actionsched

BREAKING: During today’s mass mobilization to make wall street banks pay, homeowner Rose Gudiel, who has been fighting an eviction by banks by refusing to leave her home will be making a statement regarding a phone call she received from Fannie Mae. 

The day after thousands marched against Wall Street banks in NY, more than a thousand people are set to march through downtown LA today at Noon local time 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 – their goals are detailed in the media advisory below.

Organizers have been sending around this video: http://www.youtube.com/watch?v=TIzU8y9xy9c

Today’s march will culminate with a rally inside the lobby of the downtown office building of a major national bank.

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

Source: www.newbottomline.com


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