Tuesday, October 11, 2011

From National People's Action Campaign, on Showdown in America:

Today in Chicago, 40 activists dressed as Robin Hoods kayaked down the Chicago River while several hundred more protesters rallied outside a hotel to deliver a message to the Mortgage Banksters attending a national conference inside: It's time for big banks to Pay US Back!

The Mortgage Bankers Association is one of the most powerful lobbying organizations for the big banks and they represent the mortgage arms/tentacles of the BIG 4--Wells Fargo (who happens to be sponsoring the conference), Bank of America, JPMorgan Chase and Citigroup--as well as numerous independent mortgage companies that created the housing bubble and blew up the economy in 2008.

One of the MBA claim's to fame is defeating Judicial Loan Modifications - a piece of legislation that Congress was attempting to pass in order to help millions of homeowners who had fallen victim to the housing crisis. Under the current law, if you only have one home you can’t declare bankruptcy and have a judge renegotiate your debts. But if you own two homes, or a boat, you can. This is unfair and biased against working and middle class families that don’t have boats, airplanes and homes in the Hamptons. Chicago has been hardest hit by foreclosures, mostly due to the MBA blocking this legislation.

Today, the MBA held a conference in a downtown Chicago hotel.

While 600 protesters rallied and chanted outside the hotel, a team of 40 kayakers dressed like Robin Hood paddled down the Chicago River and anchored outside of the hotel chanting "We Are the 99%!" for 30 minutes while another team of activists dropped a banner from the DuSable Bridge at Michigan Avenue...


Blogger Jefferson's Guardian said...

Great stuff! The energy and commitment are the same in Washington!

Let's hope and pray it continues to grow!

7:50 PM  
Blogger The Kind Vampire said...

I am a native of the Chicago area. The eastern metropolitan NW Indiana is, in fact, just an extension of Chicago in its racial-ethnic diversity which may be of greater proportions than the NYC area. The working, immigrant masses of Chicago stood up against the robber-barons of the 19th century such as Armour, Pullman, and others, often paying with their lives for fairness and democracy. My ancestors from Poland arrived in the US seeking a new life escaping the the restrictive corruption in their homeland. We became known for our "toughness" and resillence. Carl Sandburg and Studs Terkel knew Chicago and loved it. I am now preparing to board the commuter train to the Loop.

11:54 AM  
Blogger timokk said...

The Jefferson quote about banks is bogus.


12:53 PM  
Blogger Anna Van Z said...

Vampy, have you ever visited Hamtramck outside of Detroit (aka "Poletown")? Awesome bakeries, a newspaper in Polish, and old Polish ladies whose sidewalks are so clean you could eat off 'em!
I used to hang out at a punk club there in the 80's known as Lily's.

4:21 PM  
Blogger Anna Van Z said...

Timokk, thanks for that tip, I'll check into that further. But even if he didn't say it (or all of it) I still think it's spot-on.

4:23 PM  
Blogger The Kind Vampire said...

I've been in Detroit in the Hamtramck area. I had a friend and a cousin who lived there. But Chicago is the second or third Polish city (by population) in the world behind Warsaw and Lodz. There are many places in Chicago that also serve yummy Polish food, especially on North Milwaukee Ave - hope to meet you there sometime.

12:59 PM  
Blogger Anna Van Z said...

I was in a big Polish wedding once, and had so much fun polka-ing all night it was insane.

Aside from being in crinkly orange taffeta soaked with beer, that is!

11:02 PM  

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