Take Back the Land-Madison and Occupy Madison participated in the national Spring Action and the National Day of Action against Bank of America on March 15th. Here is a short video of the action followed by our statement to Bank of America and Merrill Lynch and media coverage.
TBL Bank of America action short video clip
Grass Roots: Activists protest lenders’ foreclosure practices Capital Times Article
WORT-FM In Our Backyard Nightly News WORT-FM interview. Our segment starts at 5 minutes into the program.
To: Bank of America and Merrill Lynch
From: Take Back the Land-Madison and Coalition on Homelessness and Foreclosures
We know that Bank of America was given $25 Billion Dollars in tax payer money to buy Merrill Lynch. We know that Merrill Lynch had collapsed as a stand alone financial institution and we think that Bank of America is headed in the same direction. We know that Bank of America and it’s associate lenders have committed fraud and forgery to steal people’s homes from them, making more people homeless. We know that Bank of America and it’s lenders have practiced predatory lending in low income communities and communities of color. We know that Bank of America paid $0 in federal taxes in 2010 and continues to evade paying their fair share of taxes. Because of this we think that Bank of America is acting in a way that is Bad for America. We demand that Bank of America be held accountable for its actions, pay its fair share and give back to the community. We demand that Bank of America put an immediate Moratorium on Foreclosures of all of their properties. We demand Bank of America provide affordable community owned housing to address the homeless and economic crisis they are partially responsible for.
Take Back the Land-Madison has liberated a home owned by Bank of America. It has served as affordable transitional housing for the past 7 months for multiple homeless individuals and families. We want Bank of America to pay its fair share and turn this house over to the Madison Area Community Land Trust so it can remain as affordable housing. This is a step in the right direction to make up for its high number of foreclosures and fraud, predatory lending, and tax evasion. It is a chance for Bank of America to be a leader in addressing the housing and economic crisis.
Take Back the Land-Madison is also supporting a homeowner, Tina Osuocha, to stay in her home that is at risk of being foreclosed on by Bank of America. We want Tina to be allowed to stay in her home, by having an agreement to be worked out between her and Bank of America.
We want an answer from a representative of Bank of America to make plans for these demands to be met.
Take Back the Land-Madison and Coalition on Homelessness and Foreclosures