11 AM: Gather: Lake Street & Clinton Ave. Mpls
11:15 AM: March
12 NOON: Rally at US Bank Lake Street office 908 E Lake Street Mpls
US Bank has received 6.6 billion dollars in TARP (federal bank bail out
dollars), yet along with other banks and mortgage companies, continues
to foreclose and evict people.
On May 8, the Minneapolis City Council passed a resolution urging banks
and mortgage companies foreclosing properties in Minneapolis to:
• Allow foreclosed homeowners to remain in their homes after the foreclosure and;
• Allow tenants in foreclosed rental properties to remain in their rental homes.
The City Council resolution states: Minneapolis homeowners, tenants,
and neighborhoods have suffered a growing number of foreclosed and
vacant homes. These foreclosures destabilize families and neighborhoods
in many ways.
Meanwhile, the banks have received billions of dollars in federal “bail
outs” while continuing to foreclose and evict working and low-income
people from their homes.
The Minneapolis City Council resolution is a “policy recommendation” to the banks and mortgage companies.
It will take the power of the people to demand that the banks and
mortgage companies institute policies that stop putting people on the
street through foreclosures and evictions.
Join the June 13th protest to deliver the message to banks and mortgage
companies to stop putting working and low-income people out of their
Initiated by: Minnesota Coalition for a People’s Bailout (which the Anti-War Committee is a part of)
FFI: 612-822-8020 or mn-peoples-bailout.org