Corrine Fowler, director of The Colorado Progressive Coalition, conducted a teach-in at Occupy Denver on the foreclosure crisis. She described fraudulent foreclosure practices by the banks and the attempts by banks to pay an estimated 25 billion for approximate 330 billion dollars in underwater mortgages.
Our economy can and must work for everyone. To achieve this, we must advance a new bottom line – one that puts the economic well-being of American families first. The measure of our economy cannot rely solely on the stock market ticker or corporate earnings reports. It must start and end with the level of economic opportunity we create for everyone, not just those at the top.
A new bottom line means supporting families in their efforts to stay in their homes and find quality jobs. It means requiring Wall Street banks to contribute fairly to public revenue and lend equitably to small businesses, consumers, and homeowners, rather than gambling in stock and bond markets. It means ending mass foreclosure, and toxic predatory lending that disproportionately targets communities of color.
This teach-in occurred on February 9, 2012.