Monday, January 7, 2013
The Minneapolis-area congressman also joined a bus tour calling for foreclosure fairness.
Friday, Minority Whip Rep. Steny Hoyer (D-MD) kicked off the start of the 113th Congress by announcing Rep. Keith Ellison's (D-MN) appointment to a deputy leadership position in the Democratic caucus. As a newly minted Chief Deputy Whip, Ellison joins 9 other leading congressmembers in being the eyes, ears, and hands of Hoyer and Minority Leader Nancy Pelosi (D-CA). “I am excited to work with Whip Hoyer and the rest of the Whip team to continue the fight for good jobs for working families," Ellison said in a written statement. "It is more important than ever that we work together to protect the benefits middle class families rely on.” Whips are typically charged with keeping party members onside and enforcing discipline during contentious …
Friday, January 4, 2013
Community, religious groups campaigning against "unfair" foreclosures.
Saturday, Lynnhurst's Shir Tikvah synagogue will play host to the first stop on a metro-wide bus tour protesting what groups behind the tour call "unfair" foreclosures. Rep. Keith Ellison and other community leaders will lead a rally at Shir Tikvah at 12:50 p.m. in support of several homeowners facing foreclosure around the Twin Cities. The tour culminates in a concert by local hip-hop greats Brother Ali and Toki Wright. "The housing crisis has forced hundreds of thousands of families out of their homes, and, as the result of predatory loans, decimated the wealth of African-American and Hispanic communities, causing some to call it one of the greatest civil rights issues of our time," read a written statement from tour organizers Occupy …
Monday, February 20, 2012
The congressman said courts should be allowed to force banks to reduce the principal on home loans.
Speaking with KSTP-TV, Rep. Keith Ellison (DFL-Minnesota) said he thinks a law should be passed that would allow courts to force banks to reduce the principal on home loans. "In fairness to some of the banks," he told KSTP, "many of them have re-modified loans and work with people. I don't want to paint too broad of a brush because there have been some good actors in the financial community. But there have been some horrible actors too. And far too many. And the bad ones are not making up for the good ones." Ellison's interview with the TV station was part of a larger story about foreclosure rates by zip code in Minnesota. The 55411 zip code in Minneapolis—which is where Ellison lives—had the most foreclosures in the state since 2006, KSTP…
Tuesday, October 11, 2011
A coalition of local activist groups says the bank damaged schools, city.
Until now, few have explicitly linked the foreclosure crisis and the Minneapolis Public Schools' financial roller-coaster. Sure, the continuing decline of students living on the Northside has been pointed out at board meetings, but the housing bubble's other big impact here—preventing many families from moving to the 'burbs—has largely obscured that. Now, a group called Minneapolis Neighborhoods Organizing for Change is calling on the school board to give Wells Fargo what it says are its just desserts for its role in creating and pedaling the subprime mortgages that have eviscerated the Northside. They'll be rallying at tonight's school board meeting to ask the district to move its money to a different "socially responsible" local bank. …
Mike McLean
8:16 am on Wednesday, February 22, 2012
If I buy a stock and decide to sell and the stock is worth less than what I paid, is the Stock Exchange supposed to pay me the difference?? No! A house is not a guaranteed investment. It is a place to live. What ever happened to personal responsibility???? You sign a contract, you live with it. The government should be guaranteeing equal opportunities, not equal outcomes!! more ›