Up next? Occupy Foreclosures
Occupy Oakland is urging activists to move into foreclosed and abandoned homes in the city. Could this catch on?
The Occupy movement may have found another way to take on the big banks -- one foreclosed house at a time.
Occupy Oakland announced on Twitter this week that its general assembly "just passed a proposal to encourage the occupation of bank-owned/foreclosed and abandoned properties across Oakland."
Considering all the attention focused on Occupy Oakland right now, it wouldn't be surprising if this caught on like wildfire. Plus, in northern cities during the winter months, this could provide spots to house protesters and maintain the occupations.
Post continues below.
In fact, a foreclosed house was just re-occupied by its former owner in the Bayview section of San Francisco, where more than 1,400 homes have been foreclosed on. Andrew S. Ross, an SFGate columnist, wrote today:
Bringing the media out in force -- along with a city supervisor, members of the Service Employees International Union and a small contingent from Occupy San Francisco -- was a press release announcing that one of the residents, Carolyn Craig, had "re-entered" the three-bedroom home on Quesada Street her family had lived in for 52 years before being evicted in January.
"If you ask me the question 'Why are you doing this,' I am here today because I'm reclaiming my home," she said, to cheers from a crowd of about 60.
How much the banks are to blame for the foreclosure crisis is still being debated -- most recently by current New York City Mayor Michael Bloomberg and former Mayor Ed Koch. The Associated Press reported on a panel discussion about Occupy:
"It was not the banks that created the mortgage crisis. It was, plain and simple, Congress," said Bloomberg, a former executive of a financial information company, at the event for business leaders.
Koch responded by noting that major banks have been fined hundreds of millions of dollars. "What do you think they got fined for? Schmutz on the sidewalk?" he asked in his signature New York twang, using a Yiddish term for dirt.
More on MSN Money:
Hmmmm.....So this gal doesn't make her payments....is foreclosed on...gets evicted....the Bank takes the property ...then she just "takes it back"....Bottom line....it's not hers....she's trespassing and should be dealt with. No one stuck a gun to her head to take the mortgage and now she wants a "do over"? Where is my "do over" ....what incentive do I or the 95% of everyone else have to continue paying our mortgage.
This crisis needs to be dealt with "firmly and fairly".....
you are trespassing on property that isn't yours. a public park is one thing, private property is another. this isn't a protest, it's anarchy. don't be crying foul when they use force to remove you.
as for ms craig in the above article, you can't 'reclaim your home' bc it isn't yours. that's what happens when you don't make payments. it doesn't get to be yours anymore.
why does mainstream america not really care or support the occupy movement? bc of people like these who want to be given something that isn't theirs. let's all just stop paying for everything and take over whatever we want.
IN ORDER TO GET SOME ATTENTION THINGS MUST BE DONE IN AN ORDERLY MANNER OTHER WORDS NON VIOLENTLY. PROTESTS ARE GOOD BUT REALLY MAKES AN IMPACT IS BOYCOTTING. THIS IS HOW YOU CAUSE DISRUPTION AND CHAOS FOR THE 1%. AS LONG AS THE CASH REGISTER IS RINGING THEY ARE CONTENT.
BUT LET THEM SEE THERE IS NO MORE OIL IN THE LAMP AND THINGS START TO LOOK AT LITTLE DARK FOR THEM. JUST LOOK BACK ON HISTORY, THE MOST FAMOUS MOVEMENTS WERE THE ONES THAT WAS NON VIOLENT AND CONSISTED OF BOYCOTTING THE ENTITY THAT IT WAS GEARED AT.
Michael Bloomberg says foreclosurers are Congress' fault??? What a joke! I'm a realtor and it was the mortgage companies, appraisers and greedy realtors fault that prices went sky-high! I was disgusted when they were doing it and "predicted" the backlash it would cause!
Then w/the cost of gas soaring the financial pressure went to the "everyday" family! My husband lost his job when he was 52---NO ONE would even talk to him it didn't matter his skills and knowledge...now he is making $9 an hour because he had to take something after 2 years of searching---who's fault is that??? Bring back the jobs to AMERICANS! Stop allowing EVERYONE that wants to live here citizenship and taking away AMERICANS jobs! Politcians are pathetic and greedy themselves...and Mr. Bloomberg is one of them!
People who take on a significant amount of debt they can't afford because "it's low interest debt" are morons. These people who are out there "occupying" are the reason the economy is bad-they are sucking the life out of the government bank account because they are the ones who are on welfare and every other government assistance program available. They are unemployed because apparently they WANT to be unemployed. There are jobs all over the place--cities across the nation are advertising day after day for workers, but no one will call or apply. So, here's a thought: Get off your butt, get a job, and only finance the things you can actually afford to pay.
Copyright © 2014 Microsoft. All rights reserved.
ABOUT SMART SPENDING
LATEST BLOG POSTS
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'