It’s been a steep learning curve for thousands of brand-new activists that have joined the Occupy Wall Street movement. From the environment to militarism, there’s a sea of misinformation and distractions standing between protestors and their enemies. While the empty rhetoric used to claim that Occupiers “don’t know what they stand for” falls flat to anyone actually paying attention, the ability to identify, isolate, and condemn the 1% for the theft and destruction they are responsible for has been one of the movement’s greatest difficulties.
Now “Occupy Foreclosures” has spread in popularity, with activists setting up eviction blockades and disrupting foreclosure auctions with increasing frequency. While it is a positive step, it contains the same pitfalls as confronting economic injustice. To be sure there is much good that can be done with helping individual foreclosure victims, but ultimately to stop the foreclosure epidemic Occupiers must face up to the same enemy they have so far failed to wholly accuse: Capitalism.
Everyone more or less knows that there is no one or small group to blame for the foreclosure crisis, just as there is no secret cabal that forces us into a never-ending series of wars. There were borrowers who took on loans they couldn’t afford, realtors who signed them up, underwriters who falsely signed off on the loans, and banks who gave the loans that they knew were unlikely to be repaid. Other bank officials securitized the loans, credit rating agencies assigned them false value, investment firms sold these bad securities to investors, and federal regulators failed to stop them. Once the crisis began, municipal, state, and federal government figures, with a few notable exceptions, failed to investigate, prosecute, or otherwise punish anyone who committed these acts. Many public officials passed new laws and regulations to protect these financial criminals and due to lobbying and insider trading even profited off of it themselves. At the same time these acts rendered their own constituents jobless, homeless, and suffering. Lawyers then set about systematically forging paperwork to help banks wrongfully foreclose on millions of people to enormous profit as corrupt and apathetic judges watched. While all of these individuals share blame, Occupiers must accept the bigger picture here.
The true blame for the foreclosure crisis lays at the Capitalist system itself; one that always has and always will exist solely off of the exploitation and destruction of anyone and anything it can affect and while remaining profitable.
The “golden age of free markets” becomes more desirable in these times of suffering but never less mythical; from slavery to the worker’s & civil rights movement to the ever-expanding 21st century empire, Capitalism in America has only ever benefited those lucky enough to be wearing the boot with which they help crush and exploit the rest of the populace.
The fact is we should no more be marking off the entire planet and reselling it back to individuals in the first place than commodifying these lands in order to pad the pockets of the ultra-rich. Federal powers have no more right to wield authority over individual’s lives than to collude in the theft of people’s livelihoods. Occupy Wall Street is evidence that most Americans have been fooled a few times too many by Capitalism’s promise of an “American Dream” for those who are willing to be exploited by it for just awhile longer. Stopping a foreclosure is occasionally quite simple.
Stopping the foreclosure crisis requires imagining a post-Capitalist world where the rich have no more power than the poor and corporations have none at all. One Struggle will continue to show solidarity with the new spirit of resistance in America, and only asks that they never stop short of anything less than a whole new society that calls theft theft and murder murder and holds all perpetrators accountable, no matter who they are or what they possess.
Tag Archive: foreclosure
Occupy Protests Shift Focus From Encampments to Reclaiming Foreclosed Homes
The Occupy Wall Street protests are moving into the neighborhood. Finding it increasingly difficult to camp in public spaces, Occupy protesters across the country are reclaiming foreclosed homes and boarded-up properties, signaling a tactical shift for the movement against wealth inequality.
Groups in more than 25 cities held protests Tuesday on behalf of homeowners facing evictions.
In Atlanta, protesters held a boisterous rally at a county courthouse and used whistles and sirens to disrupt an auction of seized houses. In New York, they marched through a residential neighborhood in Brooklyn carrying signs that read “Foreclose on banks, not people.” Southern California protesters rallied around a family of six that reclaimed the home they lost six months ago in foreclosure.
“It’s pretty clear that the fight is against the banks, and the Occupy movement is about occupying spaces. So occupying a space that should belong to homeowners but belongs to the banks seems like the logical next step for the Occupy movement,” said Jeff Ordower, one of the organizers of Occupy Homes.
The events reflect the protesters’ lingering frustration over the housing crisis that has sent millions of homes into foreclosure after the burst of the housing bubble that helped cripple the country’s economy. Nearly a quarter of all U.S. homeowners with mortgages are now underwater, representing nearly 11 million homes, according to CoreLogic, a real estate research firm.
Photo Credit: (presstv)
Another article here: alternet
Occupy Nashville decorated Bank of America’s front doors with a mixture of foreclosure notices and personal messages
ANONYMOUS – A MESSAGE TO THE WORLD!
Balance transfer day-Dec11
Police evict #OccupyMN from foreclosed home #ows #homesnotjails
“Minneapolis police kicked in the door of a foreclosed home and evicted seven to eight Occupy MN protesters just after noon today. A dozen or so squad cars and the fire department were called to the home of an University of Minnesota professor in South Minneapolis who owned the home until U.S. Bank foreclosed on it. There were no arrests made today.
Today’s raid follows an unsuccessful attempt by police last night to evict the protesters. Two protesters were arrested during that failed eviction last night, one for trespassing another for resisting arrest. Police arrived at the home just three hours after protesters occupied it.
Last night police were thwarted as more than 100 activists linked arms around Sára Kaiser’s foreclosed home and successfully prevented Minneapolis police officers from boarding up the house and kicking them off the property, with chants of “You can’t evict them all.” Within minutes, the officers left the scene with their two arrested demonstrators in tow, and the demonstrators re-entered the house at 3334 25th Ave. South.
In the video provided by Occupy MN of Saturday’s failed eviction, police are asked why they are blocking entry into the house.
“We’re doing an investigation” says one of the officers “We’re making sure that no one can come in because it’s a numbers and it’s a safety issue right now….because you guys outnumber us right now by a lot.”
When police returned to the home today at 12:30pm, they were greeted by a much smaller crowd of seven to eight demonstrators. The demonstrators left peacefully and police began the process of boarding up the house. Occupy MN has called a 4:30pm meeting for it’s members to plan its next moves.
Earlier this month, Occupy MN moved into Monique White’s foreclosed home in North Minneapolis to prevent U.S. Bank from evicting her. The move arguably made the local Occupy movement both more ethnically diverse, and more relevant.
Yesterday, dozens of activists expanded their reach by staging a rally outside Sára Kaiser’s home, which was also foreclosed upon by U.S. Bank. Kaiser is a Hungarian immigrant who has lived in the United States for 13 years: she is an adjunct professor at the University of Minnesota and also teaches Cultural Anthopology at Metro State University. The single mother fell victim to an adjustable home loan and lost legal possession of her home.
Unlike Monique White’s home in North Minneapolis, Sára Kaiser’s home is officially on the real estate market, with a “for sale” sign out front that the Occupy activists removed yesterday and stashed in the back yard before the rally began. Hours before the rally, the first heavy snowfall of the year descended on their heads.
About an hour and a half before the police arrived to make arrests, a squad car was seen circling the block. According to a report in the Saint Paul Pioneer Press, the two activists arrested were Devin Lee Wynn-Shemanek and Michael Anthony Bounds, both 19 years old. Bounds was charged with burglary, according to the Hennepin County Sheriff’s jail roster; Wynn-Shemanek was arrested for obstruction of justice, Minneapolis Police Sgt. John Sullivan told the Pioneer Press. The mortgage company that owns the house reportedly alerted the police department and asked them to remove the protestors.
After Saturday night’s raid one of the protesters proclaimed to onlookers , “If your homes every get foreclosed, call us. We’ll be there.”~TCdailyplanet
“The Federal Reserve sanctioned Goldman Sachs over a former subsidiary’s use of “robo-signing,” an all-too-common procedure in which foreclosure documents were processed without anyone actually examining the case. The Fed action orders Goldman to retain an independent consultant to review foreclosure proceedings initiated over a certain period of time by Litton Loan Servicing LP, which was owned by Goldman, and to “provide remediation to borrowers who suffered financial injury as a result of wrongful foreclosures or other deficiencies identified.” Monetary sanctions will likely be announced later, as well.”
Link Found on: https://www.facebook.com/pages/EPIC/198279420188597?ref=ts