Protest Under Way In San Ramon

There are 2 comments on the Patch.com story from Nov 5, 2011, titled Protest Under Way In San Ramon. In it, Patch.com reports that:

A protest against big banks is under way in San Ramon. About 50 people were involved in the demonstration when it got under way at 11 a.m. The rally is scheduled to last until 1 p.m. The demonstrators lined Crow Canyon Road just east of Interstate 680.

Join the discussion below, or Read more at Patch.com.

Ellis Goldberg

Walnut Creek, CA

#1 Nov 5, 2011
The tsunami originating on Wall St hit the west coast crashing into San Francisco and flooding Oakland. The wave burst into suburban Contra Costa County with several local actions in Walnut Creek & San Ramon in the last month coinciding with a movement called Rebuild the American Dream sponsored by MoveOn and 70 other organizations and unions. Like the rest of the country, they are calling for a sea change and are growing stronger with each action. The November 5 National Day of Action will mold public opinion which is the ultimate determining factor in a democracy.
When asked why the protests are targeting big banks, event organizer Eloise Hamann, responded,“The biggest banks:
• sold mortgages to the unsuspecting unqualified,
• bundled these high risk mortgages with OK mortgages from the qualified,
• had the bundle rated as AAA even though they were risk infested,
• insured them with AIG, Fannie & Freddie,
• bet on them defaulting,
• sold the bundle to some other bank,
• got the Federal Government (our taxes) to cover the losses at AIG, Freddie & Fannie
• then the new owner banks foreclose & do not negotiate with the borrowers.
The problem is the insurance guarantees the banks will get the money owed on the mortgage if they foreclose (by the federal tax dollars backing up the insurers). So while the banks promised to re-negotiate loans, they drag their feet until borrowers give up in frustration. The new owner banks bought the high default risk mortgages at wholesale rates and are now making profits by foreclosing. The bank bailout is the insurance guarantee for the banks that they will be made whole. 7 million are facing foreclosure, millions have already left their homes. That is why we are out here.”
Eloise Hamann, added “Grassroots groups and individuals from all over Contra Costa and the TriValley, who cannot stand by while our country is decimated by greedy corporate interests, are encouraged to join in. Bring signs and energy.” Karen Beck, TriValley MoveOn Organizer added,“Protesters are angry at corporate greed, money in politics, corporate welfare, but they came out into the streets because they believe
• America is broken and we need to fix it
• We are patriotic and we love America
• The private sector (business) doesn't exist without us, the public sector
• When things work right, there is fairness for all
• We have responsibilities to one another”
Make Wall Street Pay is targeting banks that are “Too big to fail” with bankers who are “Too rich to jail”. In San Ramon they will be satirized as the piggies that they are. Those dealing with foreclosures, eviction, job lose, denial of credit or other catastrophe caused by sub-prime mortgage scams and similar activities are asked to step forward and tell their stories.”
Media Coordinator Ellis Goldberg added
“We are a part of actions throughout America working for:
A change in values away from greed and unfairness.
A change in values toward empathy, responsibility and courage.
A change from the corporate controlled political machines to real democracy.
Empathy is the capacity to recognize and, to some extent, share feelings (such as sadness or happiness) that are being experienced by another.
Responsibility not just for one’s self but for others, some not born yet, other species and ultimately the planet.
Courage is the ability to confront fear, pain, danger, uncertainty, or intimidation.
If these are your values please join us in announcing it to the community at future political actions like the one today"
Ellis Goldberg

Walnut Creek, CA

#2 Nov 5, 2011
The tsunami originating on Wall St hit the west coast crashing into San Francisco and flooding Oakland. The wave burst into suburban Contra Costa County with several local actions in Walnut Creek & San Ramon in the last month coinciding with a movement called Rebuild the American Dream sponsored by MoveOn and 70 other organizations and unions. Like the rest of the country, they are calling for a sea change and are growing stronger with each action. The November 5 National Day of Action will mold public opinion which is the ultimate determining factor in a democracy.

When asked why the protests are targeting big banks, event organizer Eloise Hamann, responded,“The biggest banks:
• sold mortgages to the unsuspecting unqualified,
• bundled these high risk mortgages with OK mortgages from the qualified,
• had the bundle rated as AAA even though they were risk infested,
• insured them with AIG, Fannie & Freddie,
• bet on them defaulting,
• sold the bundle to some other bank,
• got the Federal Government (our taxes) to cover the losses at AIG, Freddie & Fannie
• then the new owner banks foreclose & do not negotiate with the borrowers.
The problem is the insurance guarantees the banks will get the money owed on the mortgage if they foreclose (by the federal tax dollars backing up the insurers). So while the banks promised to re-negotiate loans, they drag their feet until borrowers give up in frustration. The new owner banks bought the high default risk mortgages at wholesale rates and are now making profits by foreclosing. The bank bailout is the insurance guarantee for the banks that they will be made whole. 7 million are facing foreclosure, millions have already left their homes. That is why we are out here.”

Hamann added,“Grassroots groups and individuals from all over Contra Costa and the TriValley, who cannot stand by while our country is decimated by greedy corporate interests, are encouraged to join in. Bring signs and energy.”

Karen Beck, TriValley MoveOn Organizer added,“Protesters are angry at corporate greed, money in politics, corporate welfare, but they came out into the streets because they believe
• America is broken and we need to fix it
• We are patriotic and we love America
• The private sector (business) doesn't exist without us, the public sector
• When things work right, there is fairness for all
• We have responsibilities to one another”
Make Wall Street Pay is targeting banks that are “Too big to fail” with bankers who are “Too rich to jail”. In San Ramon they were satirized as the piggies that they are. Media Coordinator Ellis Goldberg added

“We are a part of actions throughout America working for:
A change in values away from greed and unfairness.
A change in values toward empathy, responsibility and courage.
A change from the corporate controlled political machines to real democracy.
Empathy is the capacity to recognize and, to some extent, share feelings (such as sadness or happiness) that are being experienced by another.
Responsibility not just for one’s self but for others, some not born yet, other species and ultimately the planet.
Courage is the ability to confront fear, pain, danger, uncertainty, or intimidation.
If these are your values please join us in announcing it to the community. If you have been hurt by the economic repercussions of corporate corruption and greed, please join us on November 17th for the next action (in Dublin) and tell your story. The media wants to know about you."

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