Richard Eskow: How big is a $16 Billion Bank Fraud Settlement, really? Reports say that a $16 to $17 billion settlement will soon be announced between the Justice Department and Bank of America.
Dan Bluemel: Now, at nearly 60 years of age, she is broke, beset with medical issues, unemployed and homeless. She currently stays at various homes of friends, but has had to spend a few nights in her car.
Dan Bluemel: Upset with Wells Fargo’s foreclosure practices, protesters held a demonstration on May Day that briefly shut down one of the bank’s branches in downtown Los Angeles.
Rebecca Band: Our housing market does appear to be rising above the politics of decline since the enactment of the Homeowners Bill of Rights, and it’s in large part due to the outpouring of support from working families from all walks of life
Dan Bluemel: Despite government programs designed to improve the situation, the light at the end of the tunnel seems very far indeed for foreclosure victims. Thus the desperate turn to organizations like Occupy Fights Foreclosure..
Dan Bluemel: The banks are banking on the fact that nobody is going to defend the little guy,.
Dan Bluemel: At the request of a homeowner under foreclosure, occupiers have barricaded themselves inside another home. They hope to stave off eviction and force an amicable arrangement with the mortgage lender.
Charley James: For the estimated 10-to-12 million Americans who’ll be homeless for at least one night this year, the impact is devastating enough when you lose your own place once.
Ellen Brown: While banks and investors were busy counting their profits behind the curtain of MERS, homeowners and counties have been made to bear the losses. The city of San Bernardino is in such dire straits that on August 1, it filed for bankruptcy.
Caitlin Vega: It’s not about the numbers. It’s about the thought of taking your child’s drawings off the wall while telling him you cannot keep him in the place that represents safety and security.
Cheryl Aichele: Occupy Fights Foreclosures won the home back of an LA homeowner whose home Bank of America fraudulently foreclosed on and sold, even after dutiful payments on a temporary loan modification were made for over a year.
Sylvia Moore: As Americans, we have to ask ourselves, how long are our lawmakers going to continue to allow these too-big-to-fail institutions escape accountability?