Stand up in Downtown LA at 11:30am!

Yesterday, La Puente homeowner Rose Gudiel, who is fighting an eviction by Fannie Mae and One West  by refusing to allow the banks to take her house, was arrested, along with her disabled mother and seven supporters.  The group was holding a peaceful sit-in at Fannie Mae's offices in Pasadena with over 100 supporters. The group's demands were clear: them to stop Ms. Gudiel's eviction and refinance her loan.  The protestors asked to get a decision maker from Fannie Mae on the phone, were denied, and then arrested.  Watch Rose and the Fannie Mae 9 stand their ground!

The arrests come as protests escalate against Wall Street banks in LA and around the country. Thousands marched today in New York City in support of the Occupy Wall Street protests.

A multi-week series of protests in California against banks continues today (Thursday at 11:30 at California Plaza, 350 S Grand Ave Los Angeles, CA 90071) with a huge downtown march.  More than a thousand people are planning a march through downtown L.A., stopping along the way to protest Wall Street banks at their L.A. office towers.

The Refund California campaign is a statewide coalition of homeowners, community members, faith leaders working to make Wall Street banks pay for destroying jobs and neighborhoods with their greedy, irresponsible and predatory business practices.

The goals of the campaign are to:

  1. Fix Housing to Fix the Economy Enact a widespread mortgage principal reduction program, creating 300,000 California jobs and injecting over $20 billion into the economy.
  2. Pay Fair Share  Close property tax loopholes, increase taxes on top 1% and corporations, stop ripping off taxpayers with financial schemes like interest rate swaps
  3. Stop Destroying Neighborhoods  Stop foreclosure blight, support small business lending and create jobs.  Reinvest profits into putting people back to work and rebuilding our economy.

For background on OneWest CEO, see Peter Dreier on HuffPost: “Steve Mnuchin, Meet Rose Gudiel”.  For background on escalating actions in LA, see this story..

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published this page in Blog 2011-10-06 00:28:00 -0700

ABOUT US: ReFUND California is a coalition of organizations throughout California committed to exposing the unfairness of the state’s current economic reality and engaging in public campaigns to force the changes that are necessary.