Support Richmond eminent domain Wednesday October 9
Join the demonstration in Oakland to support the Richmond local principal reduction program, called by ACCE/Home Defenders League with the endorsement of Strike Debt Bay Area. Richmond has offered to restore financial stability to hundreds of homeowners by buying their distressed mortgages and negotiating new loans at fair market value–or seizing the mortgages by eminent domain if necessary. The banks holding these mortgages ignored the offers, Wells Fargo and other banks filed a law suit (dismissed for the time being) and Wall Street withheld purchasing a city bond. Wall Street is fighting back–and so are we! Show your opposition to the 1% and your support for Richmond’s creative campaign to protect homeowners. The demonstration will also push the Oakland City Council to make a strong statement to the banks that will express Oakland’s support for Richmond.
For more background information on the Richmond campaign see http://strikedebt.org/em-dom-richmond/