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Quick Hit
by David Milton Brent
Fri Jan 20, 2012

Southside Organization Gives “Occupy” New Meaning

Liberate the Southside – an ad-hoc group of Chicago clergymen, community organizers, and local residents – do not believe the “Occupy” movement should be limited to geographic locations like streets and cities.

They are interested in a more literal form of occupation: placing homeless families in abandoned houses that have been foreclosed on by big banks.

Quick Hit
by Aricka Flowers
Thu Jan 12, 2012

Krishnamoorthi Releases Economic Plan (VIDEO)

Democratic candidate in the 8th congressional district Raja Krishnamoorthi released a video today offering a look into his life and his aspirations for Washington.

Krishnamoorthi, a former state Deputy Treasurer, also released a 24-page economic plan that combines and expounds on his already-released policy blueprints for housing, jobs, and small businesses.

Quick Hit
by Progress Illinois
Tue Jan 3, 2012

Op-Ed: President Needs To Use Recess Power, Otherwise Consumer Financial Watchdog Has No Teeth

The following is an op-ed from Celeste Meiffren, field director for Illinois PIRG.

Since July 21, the new Consumer Financial Protection Bureau, or CFPB – a centerpiece of the 2010 Wall Street Reform and Consumer Protection Act --  has been up and running. It’s the nation’s first federal financial regulator with only one job—protecting consumers from unfair financial practices. Yet, until the bureau has a director, it does not gain all of its new authority to protect the public.

Quick Hit
by Aaron Krager
Wed Dec 21, 2011

Chicagoans Push Back Against Housing Ordinance Lawsuit (VIDEO)

Action Now continued its aggressive pursuit for banks to maintain foreclosed properties Tuesday morning, when they protested outside Fannie Mae’s regional headquarters and demanded a meeting with Federal Housing Finance Agency (FHFA) Director Edward DeMarco.

Last week, FHFA filed a lawsuit to exempt Fannie Mae and Freddie Mac from Chicago’s Vacant Property Ordinance, which requires that banks clean up and secure the properties banks own due to foreclosure.