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We are the 99 percent

Occupy Sacramento 24-hour Vigil At Governor's Loft Demands Foreclosure Moratorium

Posted 9 years ago on Aug. 7, 2012, 3:15 p.m. EST by OccupyWallSt

via Occupy Sacramento - Occupiers have requested additional people on site; if you are near Sacramento, please head down there if you can support them for any amount of time!

Members of Occupy Sacramento protesting at the California state capital to stop fraudulent foreclosures

Governor’s Home Targeted Monday for Round-the-Clock Vigil; Homeowners, Occupy and Foreclosure Groups Demand Moratorium to Save California Homeowners

SACRAMENTO, CA – Governor Brown’s loft residence has been targeted – beginning Monday (August 6) – for a round-the-clock, day and night vigil with no announced end time designed to pressure the Governor to declare a statewide foreclosure moratorium and save Californians’ homes.

The vigil began Monday (August 6) at 9:30 a.m. at the corner of 16th & J Streets, where Brown has his loft residence, according to Occupy groups and distressed homeowners from around the state. The Occupy Sacramento Foreclosure Team issued this statement:

“On Monday, we will begin a vigil with no end date in front of the Governor’s Sacramento home on behalf of the millions of Californians who have lost their homes or are facing the loss of their homes through foreclosure, and other distressed property actions. We want the governor to use his executive power to declare a state of fiscal emergency and an immediate foreclosure moratorium.

“Stopping the foreclosure tsunami would help California homeowners, save our communities, and ultimately boost our economy. It would also give homeowners time to take advantage of the Homeowner Bill of Rights, which doesn’t go into effect until January 1, 2013. A moratorium would give more homeowners the ability to take advantage of future programs and policy changes, and a fighting chance at keeping their homes.”

  • Nearly 2 million California homeowners have been foreclosed on since 2008 (see “Wall Street’s Attack on Main Street”)
  • Seven out of the nation’s 10 metropolitan communities with the highest foreclosure rates
  • Californians have lost $424 billion in wealth due to declining real estate values since 2008
  • Foreclosures have devastated California’s economy, causing businesses to fail and workers to lose jobs on a massive scale.

Foreclosures cause a ripple effect: foreclosed homeowners have less money to spend in their communities, which hurts local businesses who lay-off employees or cut their hours. Workers then pay less in taxes, and governments are forced to make cuts in services. Local governments have lost $17 billion in reduced revenue and additional costs, causing steep cuts in public services.

13 Comments

13 Comments


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[-] 2 points by tiant (1) 9 years ago

The difference between liberals and ows is liberals is for protest + electoral politics and ows is for protest + no electoral politics but community building. That is the reason why liberals never change anything. Electoral politics and community building are opposite in nature. Strengthen one weakens the other. Reform and revolution are not complimentary. They are adversaries to each other.

[-] 1 points by frovikleka (2563) from Island Heights, NJ 8 years ago

You hit the nail on the head with that comment.

~Odin~

[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 9 years ago

This type of action I would love to see repeated at every state capital and at the white house.

Part of the message could be to those who are being foreclosed - avoid illegal foreclosure - lawyers for the people should demand to see the Mortgage ( original no copies or agreement papers - the MORTGAGE ). There was a statement made in the US senate ( I believe ) by a Woman representative who said - those being foreclosed should have their lawyer ask for the mortgage - If the mortgage can not be produced then the foreclosure can not continue. This was said while complaining that the government was not helping the people. She said it likely that wallstreet would have a tough time coming up with those mortgages.

Remember this scene from Capitalism a Love story:

http://www.youtube.com/watch?v=YVYIBikzwmk

[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 8 years ago

Occupy Minnesota is also very involved with protesting the illegal bank foreclosures. Robo signing no negotiations etc etc etc etc

[-] 2 points by DKAtoday (33802) from Coon Rapids, MN 8 years ago

This is information that needs to remain in circulation - for public education and outrage.

F'n outsourcing business's ( not just banks ) that close down the local account servicing and out source "IN BULK" to foreign locations for collection and processing - yeah NICE - NOT - not for the customers anyway.

[-] 1 points by inclusionman (7064) 8 years ago

It's just outrageous. There is no end to the banks underhanded profits over people schemes.

Criminals.

[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 8 years ago

Criminals

Yes - there is no other ( truthful ) way to state it.

[-] 1 points by inclusionman (7064) 8 years ago

Outrageous!!!!

[-] 2 points by DKAtoday (33802) from Coon Rapids, MN 8 years ago

Yes

[-] 1 points by MrReformer (5) 9 years ago

We need a highly organized and sustainable National Reform Movement. The poor design of our government is what is allowing corruption to take control of it, and causing many of the problems we are concerned about. The Demand of OWS should be a redesign of our government to embrace a comprehensively designed ethical governance system (CEGS). A CEGS will include the best of current, democratic governance, economic, and social systems, while introducing new ideas to redesign the governance structure to protect it against corruption and halt the oppression of the people.

[-] 1 points by Bighead1883 (285) 9 years ago

Fiscal terrorists continue their attacks from the safe haven of Wall Street,the waging of economic war on the worlds population has no defender because the terrorists own NATO.The media terrorists lead by the insidious Murdoch`s News Ltd continues to censor the 99% and promote the political cause enabling this global fiscal terror.Some relief against the media terrorist is happening in Britain as Gordon Brown has come out like a brave Hobbit and attacked Worm Tongue.The corporate raider terrorists are busy taking all they can in Greece so the populace owns nothing and will become a vassal state to the new world dictator,the Cayman Islands.

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