Welcome login | signup
Language en es fr
OccupyForum

Forum Post: Fair Housing Advocates Bristle At Banks' Proposals For Foreclosed Homes

Posted 2 years ago on Dec. 28, 2011, 4:57 p.m. EST by GirlFriday (17435)
This content is user submitted and not an official statement

ore than 4,000 companies, organizations and individuals submitted ideas to the federal government this fall, Bloomberg reported. Of those, about 400 proposals are considered valid. UBS, Deutsche Bank AG, Barclays Capital Inc. and others submitted ideas, according to Bloomberg.

The National Law Center on Homelessness and Poverty also registered its suggestions, Rosen said.

Perhaps most notable is a proposal from Fortress Investment Group, LLC, a private equity firm helmed by former Fannie Mae CEO Daniel Mudd. Earlier this month, the SEC sued Mudd for alleged wrongdoing during his tenure at Fannie, claiming that he lied about the amount of risk the mortgage finance giant was taking on during the housing boom. Many of the foreclosed homes now owned by the federal government had mortgages underwritten by Fannie. In proposing to help the government unload those homes, Mudd would be profiting off a problem he may have helped to fuel.

http://www.huffingtonpost.com/2011/12/28/housing-advocates-balk-at_n_1172538.html


It is never enough. Never. You could possibly screw people just a little bit more.

4 Comments

4 Comments


Read the Rules
[-] 1 points by DKAtoday (28479) from Coon Rapids, MN 2 years ago

Forward environmental change.

http://act.credoaction.com/campaign/keystone_sotu/?id=33678-4904244-%3Dxzka6x&t=7

186,696 signatures so far for Bernie Sanders petition as of 10:22am central time 01/19/2012

http://sanders.enews.senate.gov/mail/util.cfm?mailaction=clickthru&gpiv=2100081904.557411.411&gen=1&mailing_linkid=34578

The petition to save abandoned houses has 16 signatures as of 01/19/2012 10:22am central time. Were just rolling right along.

http://www.thepetitionsite.com/1/Savingpeople-savinghomes-payingdowntheNationaldeficit/

Here is a place where you can directly address change. Take part, it does not hurt and may very well heal/help. Forward the cause of reform and rebirth.

http://www.care2.com/go/z/e/Ag8nw/zL2Q/B18Bb

Sierra Club has some good things to take part in as well. Set-up and ready for you to take part in. http://sierraclub.org/

[-] 1 points by DKAtoday (28479) from Coon Rapids, MN 2 years ago

Take action. See samples of how below.

183,361 signatures so far for Bernie Sanders petition as of 10:15am central time 01/15/2012

http://sanders.enews.senate.gov/mail/util.cfm?mailaction=clickthru&gpiv=2100081904.557411.411&gen=1&mailing_linkid=34578

The petition to save abandoned houses has 15 signatures. We picked one up at around 9:50pm 01/13/2012. Were just rolling right along.

http://www.thepetitionsite.com/1/Savingpeople-savinghomes-payingdowntheNationaldeficit/

Here is a place where you can directly address change. Take part, it does not hurt and may very well heal/help. Forward the cause of reform and rebirth.

http://www.care2.com/go/z/e/Ag8nw/zL2Q/B18Bb

Sierra Club has some good things to take part in as well. Set-up and ready for you to take part in. http://sierraclub.org/

[-] 1 points by DKAtoday (28479) from Coon Rapids, MN 2 years ago

Here is a place where you can directly address change. Take part, it does not hurt and may very well heal/help. Forward the cause of reform and rebirth.

http://www.care2.com/go/z/e/Ag8nw/zL2Q/B18Bb

[-] -2 points by DependentClass (19) 2 years ago

Fair housing advocates? Make that "free" housing advocates.