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IPFS News Link • Housing

CONFERENCE: Moratorium to Stop Foreclosures

• Global Research, February 17, 2012

In recent months, there has been a tremendous upturn in the movement against foreclosures and evictions. From New York to California the Occupy movement, unions and many community organizations have organized direct actions at people’s homes and at the banks to prevent families from being thrown out of their homes by the banksters – and the federal government which bails them out.

However, as important as these actions are, they will be not enough to stop the two million foreclosures that already are being processed and the additional 3.8 million foreclosures projected to take place over the next 2 years. Along with continuing the direct actions it’s time to raise the demand that the government place a Two Year National Moratorium to halt foreclosures and foreclosure-related evictions. A Moratorium would keep people in their homes and stabilize our communities while a long term solution to the crisis, including reducing principal to the actual value of the homes, is developed and implemented.

1 Comments in Response to

Comment by Winsmith
Entered on:

 It is a fact that banks loan nothing but pens to sign notes. By what authority do they sieze any property more valuable than pens?