May 9: Protest Bank Of America in Chapel Hill
Posted by raleighfist on April 29, 2008
Join FIST to Protest Bank of America in Chapel Hill
Friday, May 9th, 12 noon, 137 E. Franklin St.
FIST Youth Fight Back Against the Banks!
Moratorium on Foreclosures and Evictions, Now!
Bail Out the People Not the Banks!
Jobs for Youth, Not Jail!
FIST members picketing in Washington DC in front of Mortgage Bankers Association
to protest Foreclosures and Evictions
Bank of America recently stated they would “stop issuing loans to
students at schools where profits have not been satisfactory”,
which will inevitably effect youth of color first.
The Federal Reserve recently gave JP Morgan $30 Billion to bailout
Bear Stears. Where is our bail out?!
The War in Iraq has cost over a Trillion Dollars and Killed over
i Million Iraqis and over 4,000 US Troops. We Demand that this
money be spent on human needs, not War!
Losing our homes: A NATIONAL EMERGENCY: And it’s getting worse. One in every 4 subprime mortgage victims are either in or near foreclosure. Soon, almost 10% of the homes of working families across the country could be in foreclosure. For these families, this isn’t a recession—it’s a depression and a national emergency that calls for emergency measures.
A mORATORIUM ON FORECLOSURES & EVICTIONS —politicians have the authority to do it. Many may not realize that Governors, State Legislatures, the President and Congress (as well as the department of Housing and Urban Development) have the statutory authority to declare a moratorium on home foreclosures and evictions during a time of either natural or economic emergency disaster (it’s important to include evictions because record numbers of renters are also losing their apartments).
This fight is for all of us. Come to Chapel Hill on Friday May 9th. Whether you are directly effected by the home foreclosure epidemic, or just outraged that the Government seems ready to give hundreds of billions of dollars to rescue banks from failing while doing nothing for those who are losing their homes, join students (highly victimized by student loan industry) to shake up the bankers and wake up the government. Let’s not wait until we’re all homeless.
UNITE AND ORGANIZE= SURVIVAL Whether it’s rising gas and food prices • the lack of health care • losing our jobs • having our wages cut • sinking further into credit card, student loan, or medical debt • or budget cuts • or the destruction of public housing • or ending this war that is costing lives and almost a half a billion dollars a day • surviving hard times is going require that we stick together and organize.
Bank of America recently announced its aqcuisition of Countrywide Mortgage which would make BofA the single largest holder of mortgages in the US.