Not surprisingly, the corporate news media hasn’t made much of the human drama taking place as foreclosures and evictions by the big banks continue across the country. As Michael Moore wrote yesterday, “You need a Kardashian in your home as you’re being evicted to qualify for news coverage.”
And yet organized resistance to foreclosures and evictions continues to grow, thanks to the joint efforts of Occupy Our Homes and Take Back the Land to occupy empty houses while calling attention to fraudulent business practices by the big banks. The resistance is having an effect, as a leaked memo from Bank of America indicates:
A national effort to reclaim vacant properties has one of the country’s largest lenders scrambling. The financial website Zero Hedge has… obtained a memo from Bank of America’s field services operation warning, “We need to make sure we are all prepared.”
Vocal New York organizer Sean Barry told Raw Story Tuesday that an action known as “Occupy Our Homes” would place foreclosed and homeless families in otherwise-vacant homes. That effort began Tuesday with over 40 events in more than 20 cities.
“On Tuesday December 6th there is a potential nationwide protest planned that could impact our industry,” BofA employee Leonard Pavlov reportedly wrote to BAC Field Services. “We believe the protests will likely take place tomorrow at auction sites, homes that are being foreclosed, homes in the eviction stage and vacant homes.”
Among other things, the memo claims Pavlov called on field services not to engage with protesters, but to ensure that BofA properties are “secured.”
Here’s Moore paraphrasing Congresswoman Marcy Kaptur of Toledo, who appeared in his movie Capitalism: A Love Story:
Do not leave your homes if the bank forecloses on you! Let them take you to court and then YOU ask the judge to make them produce a copy of your mortgage. They can’t. It was chopped up a hundred different ways, bundled with a hundred other mortgages, and sold off to the Chinese. If they can’t produce the mortgage, they can’t evict you.