Tag: Housing

Despite calls from groups like Home Defenders League and our allies to mandate widespread loan renegotiation and provide restitution for homeowners cheated by Wall Street banks, the Obama Administration has continued to be content with allowing banks such as Wells Fargo and JP Morgan Chase to pay small fines and handle reviews of criminal foreclosures internally and without oversight. Worse, the Justice department has failed to respond to calls for holding those responsible for nearly sinking the U.S. economy in 2008 accountable – and to date not one Wall Street banker or executive has been criminally prosecuted for actions related to the financial crisis.

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The march, organized by Occupy Homes MN, Neighborhoods Organizing for Change, and allies from faith and labor communities, began at the home of Gayle Lindsey, fighting her foreclosure with Occupy Homes and her neighbors in the Foreclosure and Eviction Free Zone. It proceeded to Jessica English’s reclaimed vacant home, which had been abandoned by Wells Fargo and turned into a drug house.“As a homeless mom, it’s sickening to see all the vacant homes Wells Fargo owns that attract crime in Minneapolis,” Jessica told the crowd. “Wells Fargo abandoned this home, letting it turn into a drug house that brought blight on the community. Now the community has come together to welcome my family home and demand that Wells Fargo turn over vacant homes to community control for affordable housing. We are restoring what Wells Fargo destroyed.”

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