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March on Wells Fargo demands 'Stop foreclosures and evictions'

By staff

Photo of demonstrators holding "Bail out People not Banks" signs at Wells Fargo.

Minneapolis, MN - “Stop foreclosures and evictions” was the rallying call here August 15, as more that 100 protesters marched on Wells Fargo bank.

The protest, initiated by the Minnesota Coalition for a People’s Bailout, called on banks and mortgage companies to stop foreclosures and the displacement of homeowners and to stop evicting tenants from rental properties that have been foreclosed.

The march passed the home of Rosemary Williams, the south Minneapolis homeowner fighting to stop her foreclosure and eviction. Williams addressed protesters from her porch.

Steff York of the Minnesota Coalition for a People’s Bailout said, “The outpouring of support for Rosemary Williams in recent days shows that people want action taken against the continued foreclosures and destruction of our communities.”

“Rosemary’s struggle is a fight to defend the interests of millions of working people and low-income people who are in danger of losing their homes to foreclosure. We march to demand that the banks and mortgage companies stop the foreclosures and evictions,” said Linden Gawboy of the Minnesota Coalition for a People’s Bailout.

A statement issued by organizers explains, “The economic crisis is not the fault of working and low-income people. Banks and mortgage companies sold mortgages with escalating interest rates and penalties that were doomed to fail. Increasing layoffs and the economic crisis will lead to more people falling behind on mortgage payments. Working people and low-income people need a bailout.”

The statement demands that banks and mortgage companies honor the leases of tenants in foreclosed rental properties. “Tenants by the hundreds and thousands have lost their homes in the last few years, as landlords lose their properties. Lenders who foreclose on landlords put tenants out on the streets. This must stop.”

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