More give-aways to Wall Street on the backs of Main Streeters. I got this email this morning. It has a link to a petition (yeah, lotta good that'll do, but it is better than nothing) that you may consider signing.

GLS,

Imagine if the federal government was helping Wall Street speculators profit off the foreclosure crisis they helped create.

Sadly, you don’t have to imagine.

Under Secretary Julian Castro, the federal housing department has operated an egregious Wall Street giveaway.

The program is supposed to stabilize communities by transferring overdue mortgage loans to institutions that will help homeowners avoid foreclosure – instead, 98% of recent mortgage sales have gone straight to Wall Street, and at HUGE discounts.

This week, we’re launching a major campaign at DontSellOurHomesToWallStreet.org with partners representing some of the hardest hit communities. We’re demanding that Secretary Castro stops selling our communities to Wall Street and focuses on helping people stay in their homes.

Click here to tell Secretary Castro to stop selling our neighborhoods to Wall Street!

Housing advocates have been advocating for fixes to this “Distressed Assets Stabilization Program” for years.

Big names have spoken up too – last year, Sen. Elizabeth Warren called out the department for “lining up with the Wall Street speculators.”

Under pressure from housing advocates last April, Secretary Castro’s Department of Housing and Urban Development promised to reform the program and help homeowners avoid foreclosure by selling more overdue mortgage loans to nonprofit community organizations rather than Wall Street banks.

Those were empty promises. The two most recent sales under Secretary Castro have sent 98% of the mortgages straight to Wall Street – and at rock-bottom prices (45% off!).

A measly 1% got sold to nonprofit community organizations, which can better work with homeowners to figure out a plan to keep them in their homes.

Sign the petition: Tell Julian Castro to stop enriching Wall Street speculators and start helping struggling homeowners get back on their feet.

Just last week, Progressive Caucus Co-Chair Raul Grijalva sent a letter to Secretary Castro calling for fundamental reforms of HUD’s mortgage sales.

This week, we’re joining that effort alongside a broad national coalition of more than a dozen housing advocacy, civil rights, and progressive groups, from Presente.org to Color of Change to MoveOn.org.

And here’s another reason our advocacy could really work:

Julian Castro is widely rumored to be a possible vice-presidential nominee. But that will be tough if he doesn’t first prove he’s willing to take on Wall Street, and not just pad their profit margins.

Stand with homeowners still struggling from the foreclosure crisis: Sign the petition to tell Secretary Castro to stop selling our neighborhoods to Wall Street.

Thank you,

The Team at Rootstrikers

Same-old same-old NeoLib backstabbing. One can not be socially liberal and economically corrupt and earn my vote. Nope.

Bernie Sanders...Because Fuck This Shit.