Activists to demand cancellation of region-wide foreclosure auction

FOR IMMEDIATE RELEASE

Media Contacts: Dustin Langley 646-354-8056, Larry Holmes 917-825-2302

PRESS CONFERENCE and Demonstration
Activists to demand cancellation of region-wide foreclosure auction

What: Bail Out the People Movement Press Conference and Protest
When: Sunday, March 8, 10:00 am
Where: In front of the Jacob K. Javits Convention Center- Galleria / 655 West 34th St, New York

Organizers with the Bail Out the People Movement announced today a campaign to stop an auction of foreclosed homes planned for Sunday at the Jacob K. Javits Convention Center, organized by the Real Estate Disposition Corporation (REDC).

Plans include a nation-wide petition and phone campaign targeting the REDC, the Jacob Javits Center, and the Mayor and City Council of New York City.

Sharon Black, an organizer with the Bail Out the People Movement, said, "The Real Estate Disposition Corporation (REDC) biggest private auctioneer of foreclosed homes in the country is auctioning 375 foreclosed homes at the Jacob Javits Convention center. This is the biggest auction ever held in NYC. The houses being sold to the highest bidder are the homes of poor and working people who lived in places like Brooklyn, Queens, Bronx, Newark, Long Island, upstate New York, and Pennslyvania who were forced out of their homes by Citibank, Bank of America, Wells Fargo, JP Morgan-Chase and other banks. These same bankers have received hundreds of billions of dollars of bail out money."

"At a time when an estimated 15,000 families are being evicted from their homes each day and the number of job layoffs per month in the U.S. is rapidly approaching one million a month, we cannot and must not be indifferent about the ugly spectacle of the auctioning of the homes of displaced families," Black continued. "In the biggest economic crisis since the depression of the 30’s, these auctions should not be taking place; they are a symptom of the cruel and criminal mass eviction campaign that will continue to grow until people unite and say 'No More!'"

In addition to calling for the auction to be canceled, activists are demanding an immediate moratorium on all foreclosures and evictions.

Organizers say that the protest on Sunday will kick off a new season of mass action, leading up to the April 3 & 4 National March on Wall Street to demand "Bail Out the People - Not the Banks!" This march is quickly gathering momentum, with daily reports of foreclosures, evictions, and layoffs, and almost daily reports of billions of dollars being given away to Wall Street firms. There are now more than 50 organizing centers across the U.S. mobilizing for the March on Wall Street.

Bail Out the People Movement
Solidarity Center
55 W. 17th St. #5C
New York, NY 10011
212.633.6646
www.BailOutPeople.org