From: Bill Callahan
The Great Bank Bailout was first proposed by the Secretary of the
Treasury and the Federal Reserve Chairman on September 18, less than 40
days ago. Just think of what's happened since then. $700 billion in
"capital infusions" approved for the financial industry. Wachovia
acquired by Wells Fargo. WaMu acquired by JP Morgan Chase. National City
acquired by PNC, using $5.5 billion in bailout funds. And talk --
endless talk -- about whether and how to bail out homeowners facing
default and foreclosure.
Now think about what hasn't changed: Since that day in September,
despite all the talk, 1,271 new foreclosure cases have been filed in
Cuyahoga County Common Pleas Court. And 596 more foreclosed Cuyahoga
County properties have been sold at Sheriff's sale.
This must stop. Now. But it won't, unless we make it stop.
That's why you need to be at the Justice Center [1] this Thursday at 4 pm to
help the Foreclosure Action Coalition tell our elected county judges:
Enough is enough.
It's time to Freeze The Foreclosures!
The flyer for the Freeze The Foreclosures rally, with the list of
sponsoring groups and other details, is at:
Please click on it, read it, make copies and share them with your
friends and neighbors. And then JOIN US on Thursday.
Email me or call me at 216-870-4736 if you have questions.
See you Thursday.
Bill
Links:
[1] http://en.wikipedia.org/wiki/Justice_Center_Complex
[2] http://foreclosingcleveland.files.wordpress.com/2008/10/freeze_flyer_oct301.jpg
[3] http://maps.google.com?q=Ontario+West+3rd+and+Lakeside%2C+Cleveland+%2C+OH%2C+44113%2C+us