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Bailout the PEOPLE, Not the Banks!
Thu, 10/02/2008 - 07:30 — Lou
DEMAND A FEDERAL MORATORIUM ON ALL FORECLOSURES AND EVICTIONS
DETROIT DEMONSTRATION -- Friday, October 3, 2008 ~ 12 Noon
McNamara Federal Building (Michigan Avenue at Cass, downtown)
Let Senators Levin and Stabenow and all Michigan members of Congress know that we expect them to fight for the interests of homeowners, taxpayers, workers, seniors and the poor. A moratorium on foreclosures and evictions won’t cost a penny!
The demand for a federal moratorium on foreclosures becomes more urgent every day because of the Congressional trillion-dollar bailout of Wall Street firms who are responsible for the worst economic crisis since the Great Depression. All of the proposals touted by the Treasury Department and Congress say absolutely nothing or next to nothing about bailing out the millions of households who are facing foreclosure, escalating fuel, food and energy prices, the lack of employment, health care and quality education. We must demand that this swindle stop immediately and that rather than handing over trillions of our tax dollars to the bankers and the military, those funds be utilized to meet the needs of the people.
At the same time, we continue to fight here in Michigan for passage of Senate Bill 1306 by the State Legislature. Contact your state representatives and senators and let them know you want SB 1306 passed. Call state Sen. Randy Richardville, chair of the Senate Banking and Financial Services Committee, and tell him to move this bill out of committee and hold immediate public hearings around the state on the foreclosure crisis.
We are also demanding that new Mayor Kenneth Cockrel declare a State of Emergency in Detroit, the hardest hit city in the country by the foreclosure epidemic with an 18% home vacancy rate, and formally apply to Governor Granholm to place a moratorium on foreclosures in Detroit pursuant to MCL 10.31.
Moratorium NOW! Coalition to Stop Foreclosures & Evictions
Contact the Coalition at (313) 887-4344
Web site: www.moratorium-mi.org E-mail: moratorium@moratorium-mi.org
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