Clippings May 30th – June 3rd

Bank Forecloses While Woman Visits Wounded Son in Military Hospital (Crooks and Liars)

Washington was in the middle of a loan modification with BofA when her son who is in the military was wounded… She informed the bank that she needed to go be with her son, and BoA assured her in a letter that they were aware of her trip and: “will await your return so that we can finish the loan modification process.” She thought everything would be fine until her return.

Occupy Buffalo convinces city to withdraw $45 million from JPMorgan (Raw Story)

Buffalo City Comptroller Mark J.F. Schroeder announced on Thursday that the city would be pulling $45 million in funds from an account with JPMorgan Chase, following concerns raised by members of the Occupy Buffalo movement.

Fracking company buys trailer park, evicts 32 families (Democratic Underground)

Yesterday, residents of the Riverdale Mobile Home Park and supporters set up barricades at the entrance of Riverdale to stop the community from being displaced by Aqua America’s plans to construct a fracking water withdrawal facility and send a powerful message to perpetrators of environmental and economic injustice. And so far, it is working.

Foreclosure protest puts Minneapolis officials in tight spot (Minnesota Star Tribune)

A protest over the foreclosure of a house in south Minneapolis has escalated into a nightly confrontation with police and created a political dilemma for city leaders, who loathe taking part in foreclosures but say they have to keep the peace.


Federal Regulators Cherry-Pick Small Fry for Prosecutions
(FireDogLake)

the SEC admitted that they would rather go after smaller firms for paperwork violations than the JPMorgan Chases or Bank of Americas of the world for the systemic violations of securities laws… we’re more likely to see arrests of activists trying to prevent illegal foreclosures than the originators of the illegal foreclosures themselves.

Foreclosures account for 1 in 4 home sales (Fox Business)

In California and Georgia, nearly half of all home sales in the first quarter were foreclosures at 47 percent and 46 percent, respectively.

Woman Defended by Occupy D.C. Faces Eviction AGAIN (WMAL)

A woman who was saved from eviction when Occupy D.C. activists blocked U.S. Marshals… lost her latest court battle and faces the possibility of eviction again.

“We don’t intend to leave. We have no reason to leave. We will not be leaving,” Anne Butler said.

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