Working families call for banking and foreclosure reforms

March 17, 2011 – This week, members from different regions of Local 521 held actions at banks to support foreclosure reforms. Santa Clara County workers joined dozens of San Jose homeowners and their supporters to line up peacefully inside a Bank of America branch in downtown San Jose March 16 hoping to cash checks that the bank owes taxpayers — $1.9 BILLION – because of tax loopholes the bank enjoys while communities continue to lose vital public services.

And dozens of members in Santa Cruz County held a similar action March 17 at Wells Fargo Bank in Watsonville.

The noontime press conference was also to announce plans to organize homeowners across the state in support of foreclosure reforms. Coalition rallies were held in eight cities across the state on the same day.

“The recession has ended for the board of directors of Bank of America. Where is our recovery?” asked wRen Bradley, a Social Worker for the County of Santa Clara. “We face a massive budget deficit that just keeps growing and growing while services that help working families keep shrinking and shrinking.”

Bradley joined about 80 others to line up inside the Bank of America branch to try to deposit checks due taxpayers.

Read press release here.

Take action:
Tell our representatives to start making Wall Street RE-Fund CA!

News coverage:

Protesters in Watsonville target Wells Fargo for foreclosures
Santa Cruz Sentinel, March 17, 2011

– KTVU Channel 2 News coverage, March 16, 2011
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