[Occupymendocino] SEIU demo July 24
Linda Jupiter
jupiter at mcn.org
Wed Jul 25 13:42:34 PDT 2012
Yesterday, July 24, there was an SEIU demonstration in the triangle of
cement at Highways 1 and 20 at around 3 p.m. They were demonstrating
around issues of justice in the workplace. Today I emailed Lathe Gill,
SEIU field rep for this area, saying our groups should be supporting
one another around issues of justice.
Anyone know anything about this demo?
Linda
On Jul 25, 2012, at 10:19 AM, occupymendocino-request at lists.mcn.org
wrote:
> Send Occupymendocino mailing list submissions to
> occupymendocino at lists.mcn.org
>
> To subscribe or unsubscribe via the World Wide Web, visit
> http://lists.mcn.org/mailman/listinfo/occupymendocino
> or, via email, send a message with subject or body 'help' to
> occupymendocino-request at lists.mcn.org
>
> You can reach the person managing the list at
> occupymendocino-owner at lists.mcn.org
>
> When replying, please edit your Subject line so it is more specific
> than "Re: Contents of Occupymendocino digest..."
>
>
> Today's Topics:
>
> 1. Fw: Here is a video on the LIBOR scandal with Matt Taibbi
> (Agnes Woolsey)
> 2. leave of absence (Ad Ross)
>
>
> ----------------------------------------------------------------------
>
> Message: 1
> Date: Tue, 24 Jul 2012 14:18:10 -0700
> From: "Agnes Woolsey" <agnes at mcn.org>
> Subject: [Occupymendocino] Fw: Here is a video on the LIBOR scandal
> with Matt Taibbi
> To: <occupymendocino at lists.mcn.org>
> Message-ID: <2F59E1305E8B48ED852B9ECC162E4AF1 at toshibauser>
> Content-Type: text/plain; charset="windows-1252"
>
>
> ----- Original Message -----
> From: Agnes Woolsey
> To: SYD BALOWS ; Mark Safron
> Sent: Tuesday, July 24, 2012 2:13 PM
> Subject: Here is a video on the LIBOR scandal with Matt Taibbi
>
>
> On Jul 21, 2012, at 11:14 AM, Tim Nonn wrote:
>
>
> Corporate power dictates government policy and prevents
> accountability. It's a crime syndicate, and we're the victims on so
> many levels. Here is a video on the Libor scandal with Matt Taibi
> and an interview with Chris Hedges by Bill Moyers that shows what we
> are up against.
>
>
> http://www.youtube.com/watch?v=ne408rvMK_4
>
>
> http://billmoyers.com/episode/full-show-capitalism?s-?sacrifice-
> zones?/
>
>
>
>
> On Sat, Jul 21, 2012 at 10:51 AM, Brenda Reed <brendahreed at sbcglobal.net
> > wrote:
>
> This is unbelievable.
>
> Sent from Brenda Reed
>
>
>
> Begin forwarded message:
>
>
> From: Deontos <deontos.is at gmail.com>
> Date: July 21, 2012 8:14:48 AM PDT
> To: "Deontos .is" <deontos.is at gmail.com>
> Subject: Warren asked Geithner repeatedly about HAMP. After
> several evasions, Geithner said about the banks, ?We estimate that
> they can handle ten million foreclosures, over time? this program
> will help foam the runway for them.?
>
>
> FDL
> Barofsky Book: Geithner Confirmed in 2009 That HAMP Was
> Designed for Banks to Spread Out Foreclosures
> By: David Dayen Friday July 20, 2012 6:26 am
>
>
>
> The Huffington Post described a scene in a forthcoming book by
> Neil Barofsky, the former Special Inspector General of TARP, where
> Treasury Secretary Timothy Geithner delivered a string of F-bombs
> during a discussion about transparency. I?ve read the book, and
> while that?s an amusing diversion, it?s nowhere near the headline
> story.
>
> The important moment in the book for me comes conveniently
> after Barofsky recounts this FDL News item, one of my HAMP horror
> stories. Barofsky shows how HAMP?s faulty design led to all sorts of
> problems like this, with trapped borrowers, extended trial payments,
> no-doc modifications, and eventually unnecessary foreclosures.
> Barofsky mused that Treasury didn?t care about the suffering of
> borrowers under HAMP, and the issue came up in a meeting with the
> Treasury Secretary, which was also attended by Elizabeth Warren,
> then the head of the Congressional Oversight Panel, another TARP
> watchdog.
>
> Warren asked Geithner repeatedly about HAMP. After several
> evasions, Geithner said about the banks, ?We estimate that they can
> handle ten million foreclosures, over time? this program will help
> foam the runway for them.?
>
> This is a revelatory moment for Barofsky in the book, and
> should be for everyone reading. Geithner?s concern, first of all,
> was with how the banks would respond to the program, not how
> homeowners would respond to it. In fact, homeowners are quite
> besides the point. Regardless of their situation, they will be one
> of the 10 million foreclosures, in Geithner?s construction. His goal
> was merely to space out the foreclosures and give the banks time to
> earn their way back to health, mostly through the other parts of the
> bailout, that enabled them to earn profits.
>
> This is a classic ?extend and pretend? scheme; banks can extend
> the time frame for their losses, and pretend they were financially
> strong in the meantime. We previously had evidence that Geithner and
> the Treasury Department thought this way. In August 2010, a Treasury
> official (which Barofsky outs in the book as Geithner) made
> basically the same defense of HAMP, that it would give time for the
> banks to absorb foreclosures rather than have them come on the
> market all at once. But that came as a defense of the program after
> the fact. This scene with Warren and Barofsky came in mid-2009, when
> the program was in its infancy. And it?s prospective, not
> retrospective. It?s not that Treasury came up with a justification
> after the performance of HAMP faltered. It?s that it was designed
> this way.
>
> As Barofsky says, HAMP was not separate from the bailouts, it
> was part of them. It squeezed a few extra payments out of borrowers
> and then allowed banks to do with them whatever they wanted. It
> stretched out the foreclosure crisis, by design. In fact, by the end
> of this, HAMP may not help even the borrowers secure in permanent
> modifications. Not only are the modifications of inferior quality,
> and not only have they led to high re-default rates already, but
> most of the permanent modifications are not permanent at all.
> Barofsky notes in the book that they have five-year time limits,
> with interest rates rising and payments returning to their original
> size at that time. So in 2014 and 2015, we?re going to see hundreds
> of thousands of recasts, like on an adjustable-rate mortgage. Maybe
> the borrowers will have righted their financial ships by then, or
> saved up enough to move on. But the more logical scenario is for
> more defaults at that time. But by then, the banks will have built
> their fortress balance sheets (with lots of government help) and won?
> t mind another half a million foreclosures.
>
> This confirmation of the design of HAMP is just one of the many
> revelatory moments in a book from a man thrust into the position of
> a Washington insider, willing to tell the tale. It?s well worth your
> time when it goes on sale next week.
>
> I have attempted to contact Elizabeth Warren to corroborate
> this meeting, and will let you know if I hear back.
>
> UPDATE: Yves Smith has a preview of the book as well.
>
>
>
> --
>
>
>
> And how many times can a man turn his head,
> and pretend that he just doesn't see?
>
>
> And how many ears must one man have,
> before he can hear people cry ?
>
>
> And how many deaths will it take till we know,
> that too many people have died?
>
>
> The answer my friend is blowing in the wind,
> the answer is blowing in the wind.
>
>
>
>
>
>
>
> -------------- next part --------------
> An HTML attachment was scrubbed...
> URL: http://lists.mcn.org/pipermail/occupymendocino/attachments/20120724/6e3a3eb6/attachment-0001.html
>
> ------------------------------
>
> Message: 2
> Date: Wed, 25 Jul 2012 10:19:51 -0700
> From: Ad Ross <adross at mcn.org>
> Subject: [Occupymendocino] leave of absence
> To: occupy <occupymendocino at lists.mcn.org>
> Message-ID: <F8E123E4-1B84-4AE4-88EA-56035057E41A at mcn.org>
> Content-Type: text/plain; charset="us-ascii"
>
>
> I will be unavailable for a couple months, but look forward to
> participating when I return.
>
> Keep on keeping on!
>
> best, Ad
>
>
> -------------------------------------------
>
> OCCUPY MENDOCINO (the Mendocino Coast) and the Global OCCUPY Movement
> want government of the people, by the people, and for the people -
> not of the corporations, by the lobbyists, and for the richest 1%.
> We stand with those who have lost their homes, their jobs, their
> savings, retirements, pensions, and health insurance.
> We stand with those who struggle to put food on the table and who now
> work MORE for MUCH LESS.
> We stand with the elderly, vulnerable, veterans, laborers, working
> people, students, teachers, unions, children and our planet.
> PLEASE JOIN US
> www.OccupyMendocino.net
>
> -------------- next part --------------
> An HTML attachment was scrubbed...
> URL: http://lists.mcn.org/pipermail/occupymendocino/attachments/20120725/f0bd7cb6/attachment.html
>
> ------------------------------
>
> Make sure to check out our websites at
> www.occupymendocino.net and
> www.facebook.com/occupymendocino
>
>
> TO UNSUBSCRIBE from this list send an email to occupymendocino at lists.mcn.org
> put "Un-Subscribe me" in the Subject.
>
> For listserv technical problems please contact: listmanager at mcn.org
>
> End of Occupymendocino Digest, Vol 39, Issue 1
> **********************************************
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.mcn.org/pipermail/occupymendocino/attachments/20120725/188b17e4/attachment-0001.html
More information about the Occupymendocino
mailing list