▲ top
US
US
Indybay
Indybay
protest cheer
indybay menu
category menu
publish menu
Indybay
Regions
Indybay Regions North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area California United States International Americas Haiti Iraq Palestine Afghanistan
Topics
Newswire
Features
Home
About
Contact
Subscribe
Calendar
Publish
Donate
From the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature
U.S. Global Justice & Anti-Capitalism Health, Housing & Public Services

Homeowners Plan Demonstration at NYC Offices of Bear Stearns, JPMorgan Chase to Protest Government Bailout

by via Democracy Now
Wed, Mar 26, 2008 7:21AM
Wednesday, March 26, 2008 :Hundreds of homeowners are planning a demonstration today Manhattan in front of the corporate offices of Bear Stearns and JP Morgan Chase to protest the "taxpayer bailout...and refusal of the government and Federal Reserve to provide real solutions for the millions of homeowners at risk of foreclosure." We speak with Bruce Marks, the founder of the Neighborhood Assistance Corporation of America that is organizing the demonstration.
We now turn to the continuing mortgage crisis and its impact on the economy. Just over 10 days ago the Federal Reserve put up $30 billion dollars to help JP Morgan Chase purchase the collapsed Bear Stearns investment bank. Meanwhile, homeowners on the verge of foreclosure and those who have already lost their homes have received little support from the government.

Neighborhood Assistance Corporation of America, or NACA, is a group that represents thousands of homeowners and has been fighting predatory lending practices for two decades. They will be protesting today in front of the corporate offices of JP Morgan Chase and Bear Stearns in New York. They are demanding a moratorium on foreclosures and that banks roll back interest rate increases.

Bruce Marks is the founder and CEO of NACA. He was named Bostonian of the year by the Boston Globe newspaper in 2007 for his fight on behalf of homeowners against Wall Street.

Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America. He was named Bostonian of the year by the Boston Globe newspaper in 2007 for his fight on behalf of homeowners against Wall Street.

Related Links

Related Democracy Now! Stories

LISTEN ONLINE
For more information: http://www.democracynow.org/2008/3/26/home...
Add Your Comments
Support Independent Media
We are 100% volunteer and depend on your participation to sustain our efforts!

Donate

$135.00 donated
in the past month

Get Involved

If you'd like to help with maintaining or developing the website, contact us.

Publish

Publish your stories and upcoming events on Indybay.

Regions
North Coast
Central Valley
North Bay
East Bay
South Bay
San Francisco
Peninsula
Santa Cruz
California
International
Topics
Animal Lib
Anti-War
Arts + Action
Drug War
Education
En Español
Environment
Government
Immigrant
Media
Labor
LGBTI / Queer
Police State
Racial Justice
Womyn
International
Americas
Haiti
Iraq
Palestine
Afghanistan
More
FAQ
Make Media
Get Involved
Photo Gallery
Feature Archives
Fault Lines
Links
Search Indybay's Archives
Advanced Search
► ▼ IMC Network
© 2000–2025 San Francisco Bay Area Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the SF Bay Area IMC.
Disclaimer | Copyright Policy | Privacy | Contact | Source Code