Members of the Moratorium Now! Coalition to Stop Foreclosures and Evictions. The group marched through Detroit's financial district protesting the proposed trillion dollar Congressional bailout of Wall Street on Sept. 25, 2008.
Originally uploaded by Pan-African News Wire File Photos
Media Advisory
Event: Moratorium Now! Demands Federal Action on Crisis
Demonstrate Outside Federal Bldg. in Detroit
Date: Friday, October 3, Noon-1:00pm, Michigan at Cass
Contact: 313.671.3715 or 313.887.4434
E-mail: moratorium@moratorium-mi.org
URL: http://www.moratorium-mi.org
Bailout the PEOPLE, Not the Banks! DEMAND A FEDERAL MORATORIUM ON ALL FORECLOSURES AND EVICTIONS! HOUSE MEMBERS MUST VOTE NO ON THE TRILLION DOLLAR WALL STREET BAILOUT!
Detroiters to Demonstrate at the McNamara Federal Building (Michigan Avenue at Cass, downtown)
This demonstration is to let Senator Levin and all Michigan members of Congress know that we expect them to fight for the interests of homeowners, taxpayers, workers, seniors and the poor. A moratorium on foreclosures and evictions won’t cost a penny!
We strongly object to the vote by Senator Levin in favor of the $700 billion bailout of Wall Street. Michigan has some of the highest unemployment, foreclosure, poverty and lack of health care rates in the United States. It is a deep insult for Senator Levin to support a transferal of $700 billion in tax revenue to the bankers, who are responsible for the financial crisis, and not fight for a federal moratorium on foreclosures, a jobs plan, a comprehensive health care program for all and the restructuring of the economic system to reduce poverty and joblessness.
The demand for a federal moratorium on foreclosures becomes more urgent every day because of the continuing consideration of a Treasury Department and Congressional trillion-dollar bailout of Wall Street firms who are responsible for the worst economic crisis since the Great Depression.
All of the proposals put forward by the Treasury Department and Congress say absolutely nothing about providing jobs and relief to the millions of households who are facing foreclosure, escalating fuel, food and energy prices, the lack of employment, health care and quality education.
Growing segments of the United States population are being affected by the inability of the Congress and the federal government to take decisive action. No longer is it just those thrown into poverty, because more working families, unionists, small business people, professionals and others are facing economic ruin.
We must demand that this political impasse stop immediately and that instead of transfering trillions of our tax dollars to the bankers and the military, those funds should be utilized to meet the needs of the people.
At the same time, we continue to fight here in Michigan for passage of Senate Bill 1306 by the State Legislature. Contact your state representatives and senators and let them know you want SB 1306 passed.
Call state Sen. Randy Richardville, chair of the Senate Banking and Financial Services Committee, and tell him to move this bill out of committee and hold immediate public hearings around the state on the foreclosure crisis.
We are also demanding that the new Mayor Kenneth Cockrel declare a state of emergency in Detroit, the hardest hit city in the country by the foreclosure epidemic with an 18% home vacancy rate, and formally apply to Governor Granholm to place a moratorium on foreclosures in Detroit pursuant to MCL 10.31.
This press statement is being issued by the Moratorium NOW! Coalition to Stop Foreclosures & Evictions.
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