Once again, the banks are given a pass for their criminal behavior, while homeowners are given the shaft. Tuesday, the Office of the Comptroller of the Currency and the Federal Reserve announced the beginning of payments for some of those people whose homes were wrongfully taken from them and the settlements are, as Chris Hayes put it, "cartoonishly small."
""On Tuesday, June 19, the sheriff posted a 24-hour eviction notice on the front door I have come home to for the last 17 years. I have nowhere to go. I am standing up for myself, my family and community. Although American Indians make up 1% of the population in Minnesota, 11% of homeless adults are American Indian. I can afford to pay for my house."
I've written about some foreclosures fights in Minnesota in recent weeks, and this video is an update on the progress of those actions.
For the past two years, New York Communities for Change members have seen firsthand the damage that the foreclosure crisis has caused in our communities. Together we’ve watched vacant, boarded-up houses pop up on block after block in Southeast Queens and parts of Brooklyn. We’ve stood with homeowners as they told their stories about sending document after document to their banks in hopes of getting a mortgage modification, only to have the bank lose those documents time and time again...