We the People - Occupy Wall Street "99ers"

Petition Closed

We the People - Occupy Wall Street "99ers"

This petition had 163 supporters

Patrick Porgans started this petition to Patrick Porgans Governor Edmund G. "Jerry" Brown, Jr.

In California, foreclosures continue to batter homeowners, averaging out at 1,866 a day, 77 per-hour each day the past 10 months, or 1.3 foreclosures per-minute.

Roughly one-third of California homeowners have mortgages that exceed the market price of their properties now. Reportedly, the Golden State has seen one in five foreclosures nationwide, or 1.2 million since 2008. Projections are that statewide foreclosure could reach 2 million next year.

If California’s foreclosure rate continues unchecked, combined costs to homeowners, the property tax base, and local governments will reach an estimated $650 billion – and possibly as high as $1 trillion – from 2008 through 2012, according to a labor-community coalition (Alliance of Californians for Community Empowerment, People Improving Communities through Organization, California Reinvestment Coalition and several Service Employees International Union locals).

According to the ACCE, foreclosures will reduce property tax revenue by an estimated $3.8 billion. That amounts to a $2,058 property-tax-loss per foreclosure. The foreclosure-related costs that get kicked back to the government amounts to $17.4 billion, more than $19,000 per foreclosure.

“We the People”, identified as the undersigned petitioners (www.Change.org/petitions/we-the-people-occupy-wall-street-99ers.org), request that Governor Brown declare an immediate “Financial State of Emergency”; as a measure to stabilize a recent and dramatic surge in foreclosures in California that he declare a moratorium on all pending and foreseeable foreclosures within the state;

Furthermore, that the governor proceed with all haste to assist and support the State’s Attorney General Harris in an investigation of any alleged improprieties committed by the banks or bank representatives purportedly involved in the foreclosure crisis, and, thereupon to proceed with the appropriate legal action(s).

“We the People” encourage Harris’ office to use the time spent. Over the course of the past 10-months, during costly stalled “settlement negotiations”, wherein, an additional 560,000 foreclosures occurred. This “surge in foreclosures”, reportedly prompted Harris to pull out of negotiations.

Furthermore, the people respectfully request that Harris not enter into additional settlement negotiations with the U. S. Banks, in questions, on matters pertaining to alleged bank-induced homeowner foreclosures; and that no “deal” be discussed nor agreed too, until such time, it has been submitted to the public at large; and ample opportunity to read, review, comment and approval of any such settlement agreement pertaining to the foreclosure crisis is provided to the victims.

 
Lastly, the Governor should consider suspending all further financial “dealings” or related business with said banks, including, the issuance and/or syndication of General Obligation bonds. Such a declaration should remain in effect, until a full accounting of the U. S. bankers’ actions have been determined by the Office of the Attorney General, and, any and all of the appropriate reparations have been made to the victims of the bank-induced financial crisis. If appropriate, Governor Brown has the authority to invoke the letter and spirit of the law of the Victims Bill of Rights California Constitution, Article. I, Section 28(a) paragraph (4)); the courts shall act promptly on such a request, Cal. Const., art I, Section 28(c)(1). 

Petition Closed

This petition had 163 supporters