Join Kokopelli Community Workshop End the Crises
Any
true solution to the current economic crises must address at least two
different objectives:
1. Since
October 2007 Kokopelli has been working hard to implement strategies that
can help families to stay in their homes:
Kokopelli
Community Workshop primary mission is to implement a comprehensive non-conflict
of interest educational program that informs families at risk how to avoid
being economically taken advantage of by those who seek to profit unfairly from
their situation.
And
also helps them explore all the currently available strategies, options and
remedies for their situation.
2. The
2nd objective is to establish an international alliance to create comprehensive
solutions for both our local and global economy.
Working
together as a community we can insist on viable solutions for homeowners at
risk, and strategies to create sanctions against predatory lending. Aggressive political
action is indicated in the face of the full court press lobbying effort the
financial industry is running-an effort that cuts homeowners out of almost
every recovery package.
In 2008 2.3 million families faced
foreclosure proceedings,
the highest number since the Great Depression. Though the cost to individual
families is hard to measure, the cost to our economy is staggering: using the
Joint Economic Committee estimate of $78,000 per foreclosure, the cost to the
If we do not take any action, Credit Suisse predicts that there will be between
8 and 9 million foreclosures in the next four years, at a potential cost to the
economy of $702 billion. Simply put, addressing the foreclosure crisis must be
at the heart of any economic recovery plan.
The mortgage foreclosure
crisis touches all aspects of our economic meltdown and as such requires a
comprehensive solution.
At Kokopelli we are
escalating our efforts, both to help save individual families' homes,
and also to win a foreclosure moratorium - some needed breathing room - while
we push for a truly comprehensive solution to this crisis.
Our goal is to ensure that hard-hit families can stay in their homes until a
common-sense solution to the crisis is put in place can use to join in. In the
meantime, please sign our petition to the Obama Administration in order to
fight back against Wall Street interests blocking the urgently
needed reform from being enacted.
Read (details below) about our plan to request
action, on this important issue, and consider joining us in
signing the petition below urging President Obama and
the federal government to take action.
Despite the apparent change in attitude towards the plight of families
facing foreclosure from the Obama Administration, it is clear that there
continues to be tremendous opposition from the financial services industry and Wall
Street to any meaningful plan that would truly help homeowners.
It
takes 30 seconds to sign, and together we can truly make a difference. We
are trying to reach 100,000 signatures – You can print out
the attached petition and mail it to President Obama,
or just join We-Care and
sign the petition on-line at the link below: http://www.thepetitionsite.com/1/demand-action-to-end-the-foreclosure-crises
& Kokopelli
Community Workshop will pay the postage & mail it for you.
You can
help even more by forwarding this information and asking your friends
and associates to participate as well.
Dear President Obama,
We the undersigned ask that the Obama Administration and
federal government take immediate measures to stop the foreclosure crises and
save the American families who are losing their homes. If there is no
action, Credit Suisse predicts that there will be between 8 and 9 million
foreclosures in the next four years, at a potential cost to the economy of $702
billion. The foreclosure crisis must be at the heart of our economic recovery
plan.
The federal government is uniquely positioned to end the
foreclosure crisis and must aggressively fight to keep American homeowners in
their homes and paying their mortgages.
The mortgage foreclosure crisis touches all aspects
of our economic meltdown and as such requires a comprehensive solution.
Due to lack of appropriate government sanctions, sub prime
mortgage loans have been run through an intricate, intertwined system of loan
brokers, mortgage lenders, Wall Street trusts, hedge funds, offshore tax havens
and other predators.
A multitude of American homeowners have been entrapped by
an arsenal of arcane financial devices and maneuvers known by such exotic names
as "exploding ARMs," YSPs,
teaser rates, low-doc mortgages, loan flipping and equity stripping. Ultimately
extracting high payments from these unfortunate families, and stripping away
any equity they might build up and finally stealing their homes.
WE URGE YOU TO TAKE THE FOLLOWING
ACTIONS!
- Lift the ban on judicial foreclosure
modifications
- Implement the Bair proposal to spend
bailout money to facilitate affordable mortgage modifications
- Require TARP recipients to engage in
sensible foreclosure prevention policies, like the FDIC did with IndyMac
- Use Fannie Mae and Freddie Mac's power
to modify home mortgages to affordable terms
- Create meaningful economic sanctions
against predatory lending practices and institute a viable regulatory system
for the 21st century
Sincerely,
__________________________