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