Two critical tools–the LIBOR fraud scandal and the potential to start exercising eminent domain to seize bank-owned properties–can supercharge the ongoing campaigns focused on Wall Street. For the first time we can align moral and legal arguments with real leverage to demand that banks renegotiate the debt that is bankrupting communities and drowning homeowners around the country. The single most important step we can take to address local budget deficits is to force banks to renegotiate toxic deals held by local government and to rewrite mortgages for underwater homeowners. Combined, this would pump hundreds of billions into local economies.
This article rocks … here’s hoping the “REBEL” five-steps roll over Wall Street banker/predators.
San Bernardino County and Berkeley, California are already undertaking step two … Eminent Domain.
Read. Think. Be ready. Please.
While you’re waiting for the steps to be formalized into petition form, take step three – move your money from Wall Street to your Main Street … transfer your funds (and your loyalty) to a locally-owned bank or credit union.