Posted 6 years ago on Nov. 16, 2011, 3:23 p.m. EST by OccupyNews
This content is user submitted and not an official statement
Robin Hood, robbed from the rich, gave back what was rightfully theirs, to the good. On that note, I recommend the following Occupy Actions.
Idea number one. I had advocated homeowners get at least 80-90% of their original down payment back, plus any home equity that may have accrued, (although for most people the home equity aspect may be a moot point). Chase bank appears to have started doing something similar to what I advocated over the past year. Chase Bank appears to be actually giving distressed homeowners 35,000 dollars to LEAVE their home via a short sale. However, if this one payment fits all approach is Chase Bank's approach, it becomes typical Chase Bank indifference and unfairly clumps everybody together. Idea number two. Why aren't occupiers shouting down the home foreclosure auctions?
People who are in a distressed homeownership situation are being completely stolen from specifically because they cannot restructure their debts without being defaulted upon.
Everyday 3,000 to 10,000 homeowners are foreclosed upon in this country, when they note the occupy movements disinterest in their plight, do you think they will ever want to join the occupy movement after the fact?
Idea number four. How about instantly giving the 99% a way to fight back against the banks by inserting the words DOES NOT into the banking law that states, debt restructures (DOES NOT) require a credit default first.
The four ideas listed above ALL GIVE BACK money and resources into main street, aka the 99%, while also giving main street and the 99% a way to protect their remaining assets. Where is Robin Hood and his angry band of protestors when we need them? When does the Occupy Movement begin to send re-occupiers out to be modern day robin hoods?