Dr Stein, the Green Party nominee, spent the night in jail after being arresting for protesting against Fannie Mae bank foreclosures in Philadelphia.
The mass arrest included Stein's running mate, Cheri Honkala, labor lawyer, James Moran, and Sister Margaret McKenna of the Medical Mission Sisters. Approximately fifty protestors gathered yesterday outside Fannie Mae's headquarters after the mortgage giant refused to negotiate an alternative to foreclosure for two Philadelphia residents. According to Stein's campaign, Fannie Mae executive Zach Oppenheimer had previously committed to negotiations.
In the US, eight million families face eviction from their homes due to foreclosures. About one third of mortgage holders owe more than their properties are currently worth. In a press release issued by her campaign, Stein notes that
President Obama held a big press conference to announce a program that would supposedly help 1.5 million homeowners and so far it has actually helped only 1 per cent of that number. Real help goes to the CEOs who play golf with the President and the people get lip service. This will change only if the people stand up and say we're not going to put up with it anymore.
Honkala, a single mother who was once homeless herself, adds
The laws and the budgets and the procedures are designed to protect the lenders and to extract as much money as possible from the victims. This isn't the way it would be if we really had a government of the people, by the people, and for the people.