Professional Documents
Culture Documents
Auctioneer!!
New
Yorkers
call
for
Moratorium
on
Foreclosures
*FOR
IMMEDIATE
RELEASE*
Brooklyn,
NYNew
Yorkers
will
gather
outside
of
the
Kings
County
Supreme
Court
on
Thursday,
October
13
at
2:45pm
to
raise
awareness
about
the
foreclosure
auctions
that
take
place
there
each
week.
Every
week
in
New
York
City,
in
all
five
boroughs,
homes
are
put
up
for
auction
and
sale.
Speculators
purchase
homes
at
discounted
rates
to
flip
them.
Banks
buy
back
homes
to
balance
their
booksevicting
homeowners
and
letting
the
homes
lie
vacant.
Wall Street is the cause of this systematic displacement of New Yorkers. Wall Street Bankers turned mortgages into securitized instruments and sold them for profit. Their greed demanded the creation of mortgage-backed securities. Without blinking, they used predatory loans to lure homeowners into mortgages with impossibleand unseen interest rates. Occupy Wall Street and Organizing for Occupation (the group that led the eviction blockade at Mary Lee Wards home on August 19, 2011, www.O4ONYC.org) have teamed up to raise awareness about the weekly auctions and to hold Wall Street accountable for the foreclosure crisis! OCCUPY WALL STREET and ORGANIZING FOR OCCUPATION call for an IMMEDIATE MORATORIUM ON ALL FORECLOSURES IN NEW YORK STATE until loans are modified and made fair and sustainable! ***
Thursday,
October
13,
2011
at
2:45pm
at
Kings
County
Supreme
Court,
360
Adams
Street,
Brooklyn
Rally
in
Columbus
Park
(next
to
Borough
Hall)
2/3
and
4/5
to
Borough
Hall,
N/R
to
Court
Street,
A/C/F
to
Jay
Street
***