Tampa, FL – On August 7, Tampa organizers rallied at city hall to demand rent control be on the ballot for the upcoming November city election. The emergency protest was called after the city council voted on August 4 against putting the rent control demand on the ballot.
St. Paul, MN – It took several minutes for the people gathered outside on the front steps of the Minnesota State Capitol to filter through the doors and into the echoing rotunda, chanting, “Hey politicians, here’s the fix! Tax the rich! Tax the rich!” Nearly 200 protested here, Jan. 24, on the opening day of the Minnesota legislative session. Over two dozen Minnesota organizations endorsed the rally, under the slogans, “Make the rich pay for their crisis,” “Put a moratorium on foreclosures and evictions,” and “Stop the attacks on the 99%!”
Minneapolis, MN – “You got bailed out, we got sold out! Stop foreclosures now!” was the rallying call during a protest here June 13 as a crowd of 75 people surged to the doors of a US Bank branch on Lake Street. Minneapolis police officers blocked the doors of the bank building, calling in more squad cars, which arrived with sirens blaring.
Minneapolis, MN – In a packed Hennepin County Court room, May 26, District Judge Lloyd Zimmerman decided to delay the foreclosure-related eviction trial of Rosemary Williams until June 22. A hearing on the legal issues to be considered at the trial is scheduled for June 16.
Minneapolis, MN – “Banks got bailed out, we got sold out! Stop foreclosures now!” was the chant on a spirited picked line here, April 28 at the Hennepin County Government Center. Rosemary Williams, who faces eviction from her foreclosed home, along with leaders of the Minnesota Coalition for a People’s Bailout and the Poor People’s Economic Human Rights Campaign announced some important developments in her legal case.
Demonstrators say, “Moratorium now on foreclosures and evictions!”
Minneapolis, MN – About 100 demonstrators gathered outside the Minneapolis Convention Center to protest a massive auction of foreclosed homes, March 28. The protest was initiated by the Minnesota Coalition for a People’s Bailout.
San Jose, CA – On Dec. 6, the Mortgage Bankers Association of America reported that home foreclosures and late mortgages rose to record highs in the July to September period. The next day, Bush’s Treasury Secretary Paulson announced a plan to aid home-buyers. While consumer advocates criticized the plan for being too little, too late, Wall Street liked the plan, which would let banks off the hook, and sent stocks up.
San Jose, CA – On Sept. 18 the Federal Reserve cut two key short-term interest rates for bank loans by one-half a percentage point. These interest rate cuts followed on the heels of dismal economic data on jobs and the worsening housing and mortgage bust, as well as continued instability in financial markets. While stock markets around the world celebrated the larger-than-expected interest rate cuts with large increases, the Federal Reserve action reflects weakness, not strength, in the economy.
San Jose, CA – In July the U.S. housing market hit new lows, with the lowest number of permits for new homes and the lowest number of construction starts in more than ten years. Then in August financial markets across the globe were shaken by the growing defaults on mortgages in the United States.