On the heel's of yesterday's teach-in inside the JPMorgan Chase Branch, over 100 people from the ReFund California campaign crashed the upscale meeting of the California Bankers Association in Orange County. The group forced its way through the doors, took the stage at the event and told the bankers that “it’s time for them to pay.” ACCE leader Peggy Mears explained to the banks what they needed to do: keep families in their homes, pay their fair share of taxes and help rebuild hard-hit neighborhoods. As Felipe Calzada of SEIU-USWW said, ““it was very empowering to confront this people directly and for them to see the faces of those who are suffering as a result of their greed.” Watch us reading our demands to the bankers:
After a brief break, the group moved on to the next action: a march up the hill to visit the $26 million Bel-Air home of OneWest CEO Steve Mnuchin (watch video) to demand that he stop the eviction of La Puente homeowner Rose Gudiel who is fighting her eviction by refusing to leave her home. The Gudiel family, together with friends and supporters, have been camped out at her house, ready to resist efforts by the LA County Sheriff’s Department to carry out the eviction. Rose and over 100 people pulled up to his home with a U-Haul truck and furniture to let him know that if he won’t stop her eviction she is moving into his house. Though One West and Fannie Mae have done nothing to protect Rose and her neighborhood, 20 police officers and a helicopter came showed up on the scene to protect Mnuchin and his neighborhood. Click to read about the greed and business practices of Mnuchin in the Huffington Post.
The week is far from over: on Wednesday, October 5, there will be two more exciting actions: a surprise direct action (shh!) and another visit to the home of a high-profile Wall Street executive.On Thursday, the week will culminate with a thousand homeowners and Los Angeles-area residents marching through downtown Los Angeles to protest major Wall Street banks for destroying jobs and neighborhoods with their greedy, reckless and predatory business practices. March participants will protest outside the offices of Wall Street banks and may risk arrest in order to get their bank to work with them. Sign up to march with us!
If we can avoid the either or scenario, there is room to talk. Debt restructuring should not first require a default.