Jodie tells her story:
Jodie Randolph is a small-business owner in Alameda.
Morgan Stanley’s earnings for the last three months were $7.6 billion dollars, or about $2.5 billion per month.
Jodie Randolph is a breast-cancer survivor.
Morgan Stanley is legally a person, but doesn’t have breasts. Instead, it has assets of $311 billion.
Jodie Randolph is in treatment for colon cancer.
Morgan Stanley doesn’t have a colon either. Instead, it takes care of its $311 billion in assets by “shedding jobs,” about 4500, or 7% of its work force, last quarter.
Jodie Randolph and her possessions are about to go out onto the street, because Morgan Stanley has something better to do with her home than let her live there.
Jodie has been fighting to stay in her home for years. Companies affiliated with Morgan
Stanley shuttled the loan around from one subsidiary to the other until they foreclosed on her. Morgan Stanley’s tactics have included:
• Pushing her into a predatory refinance
• Moving her loan around from company to company so she couldn’t get a fix on who to negotiate with
• Removing the lawyer for Morgan Stanley who was actually negotiating with Jodie when they were close to reaching a mutually acceptable plan; and
• Stunningly, breaking in and changing the locks to her house WHILE SHE WAS AT A CHEMOTHERAPY SESSION
Since lawyers have failed her, Jodie is fighting back the people’s way
On Monday, November 5, Jodie, supported by a delegation of her family, friends, neighbors, the Occupy Oakland Foreclosure Defense Group, the Alliance of Californians for Community Empowerment, and other foreclosure activists went to the Bay Area offices of Morgan Stanley to present her demand letter: a reasonable repurchase plan, including principal reduction.
When the truck comes Tuesday morning (yes, Election Day morning!) to take away her furniture and leave her on the street people from all those groups will be on that street to stop that truck.
One Oakland foreclosure activist says, “I’m willing to take an arrest for Jodie, because she can’t.”
Want to help? There’s a lot being done that you can plug into. Jodie needs all the help you can give.
If you are in the area and want to participate in the eviction defense tomorrow or on subsequent days:
Check out this page for information on where to go, how to get there, or who to call.
If you aren’t in the area or want to help from home, please call
John Sheldon
Morgan Stanley Executive Director, San Francisco
415-576-2083
on Tuesday morning and tell him to stop the eviction of Jodie Randolph at 1624 Foley Avenue, Alameda, CA 94501.
Foreclosure Defense Group 