Californians to stage ‘Rally for Homes’

A coalition of homeowners, Occupy groups, and labor unions from across California are to hold a major rally in the state capital Sacramento to demand a moratorium on home foreclosures.

The protesters are to convene at State Capitol under the banner, “Rally for Homes,” independent Sacramento-based alternative outlet newsreview.com reported recently.

The event is set to start at 10:00 a.m. on Monday and will include a protest march as well as teach-ins. The rally is expected to be attended by more than 1,000 protesters, the organizers said.

The protesters plan to ask the state governor, the Attorney General, and the Legislature to declare an immediate foreclosure moratorium. They also want banks to start paying their fair compensation for the economic crisis in the US.

Millions of homes have been foreclosed in the state since the start of the economic crisis in the US back in 2007. Millions more people are expected to lose their residences this year.

Figures show foreclosures across the country have affected over 200,000 properties just in May, up 10 percent from April.

The protesters use the slogan, “We are the 99 percent” to distinguish themselves from the one percent Americans, who are in possession of the greatest portion of the nation’s wealth.

The protest pushes owe their inspiration to the Occupy Wall Street (OWS) campaign, which began on September 17 in New York City. The campaign saw the demonstrators pushing to literally take over the country’s financial center in protest against “corporate greed” and corporations’ excessive influence on the country’s political system.