San Jose

Fed up homeowners to stand up to Wall Street Banks

September 23, 2011 by Calitics

Note: This is a preview to two weeks of actions, rallies and mobilizations of homeowners who are fighting to "Make Wall Street Banks Pay" in the Bay Area (Spet 26-29) and LA (Oct 3-6). Details of events can be found at www.MakeBanksPayCalifornia.com

Last Thursday’s news was startling even for those who already knew California is at the epicenter of America's foreclosure crisis. New data showed that California had a staggering 55% increase in foreclosure notices in August, the highest in the nation. Coincidentally, it also marked three years since the shocking day that Lehman Brothers declared bankruptcy and our economy began to unravel.