Hold the applause. The president would like us to celebrate his "Wall Street reform," but the legislation is misnamed. Barack Obama did not set out as president to reform Wall Street in fundamental ways but to restore it. Judging by the largest banks' booming stock prices and executive bonuses, he appears to have succeeded. The leading bankers expressed relief when they saw the reform package Congress cobbled together on June 25. Wall Street, loathed by citizens everywhere, dodged the bullet in Washington.
During his inauguration speech, President Obama gave an inspiring speech about his vision for a country that works together for the betterment of all. From climate change to human rights, President Obama sketched out a progressive agenda, but he neglected a crucially important element: finally ending the foreclosure crisis which continues to uproot families and blight communities.
Truthout: Activists Call for Firing on Federal Housing Finance Agency Head Over Role in Foreclosure Crisis
A family farmer, a Methodist minister, a Vietnam veteran and seven others were arrested today at the national headquarters of Wells Fargo’s Home Mortgage division in Des Moines, Iowa. Among those arrested was George Goehl, the executive director of National People’s Action (NPA).
Contact Mary Moreno: (956) 270-3112 (cell), email@example.com
Feb. 6 (Bloomberg) -- States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they’ll give up.
Today, Occupy Wall Street and Occupy movements around the country will "go out of the streets and into the homes" of the 99 percent to draw attention to the economic, social, and racial injustice of the foreclosure crisis.
This piece originally appeared on Huffington Post