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Green Party Logo2012 Presidential Candidate on Trial in Philadelphia

Green Party of Philadelphia
http://www.gpop.org
215-243-7103
gpop@gpop.org

January 24, 2013

Green Party 2012 Presidential Candidate Jill Stein and Vice Presidential Candidate Cheri Honkala will appear for trial in Philadelphia Municipal Court on Friday, January 25. Both were arrested August 1, 2012, on charges related to their civil disobedience action at Fannie Mae's office located in Philadelphia on Bankers Row. The proceedings will be held in Room 406, Criminal Justice Center, 1301 Filbert Street, Philadelphia, at 9:00 a.m. Supporters are encouraged to attend.

Stein and Honkala, along with 50 other protesters, staged a sit-in at Fannie Mae to demand policies that, according to Honkala, would "keep families in their homes." Said Stein, "The developers and financiers made trillions of dollars through the housing bubble and the imposition of crushing debt on homeowners. And when homeowners could no longer pay them what they demanded, the bankers went to the government and got trillions of dollars of bailouts. Every effort of the Obama Administration has been to prop this system up and keep it going at taxpayer expense. It's time for this game to end."

Fannie Mae is a federal government-sponsored enterprise that is one of the largest holders of mortgages and mortgage-backed securities in the United States. The protest was originally organized by the Poor People's Economics Human Rights Campaign on behalf of two Philadelphia families whose homes were threatened by foreclosure.

According to the Philadelphia Inquirer, foreclosure rates rose 28% in Pennsylvania last year. Meanwhile, mortgage lenders have managed to enter settlement agreements with the federal government, avoiding criminal liability despite charges of "robo-signing" and other abuses of the foreclosure process.

For more information, please contact the Green Party at 215-243-7103 and gpop@gpop.org.

 

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