Monday, January 23, 2012

The Pittmans to Regulate Chase Bank

Like many families across the nation, the late Ms. Eloise Pittman was a victim of one of the worse cases of predatory lending. The Pittman family has been fighting to save the family home since November 2011. This house for thisfamily is more than a building that gives shelter. It is a home that has been passed down generations since the 1950’s.

This past week we have finally been able to get Chase bank to negotiate with they family. The options they have laid out are terrible. They either want the family to leave or pay over $400,000 for a property that's worth around $100,000. Their options are not acceptable.

When Chase bank needed a bail out they got one to the tune of billions at practically zero percent interest. We will not continue to allow big banks, like Chase, to continue to make profit off the backs of those that they refuse to assist.

Occupy Atlanta begun an encampment at the Pittman home on December 6th, and has had a 24 hour presence since. With the news the Chase Bank is unwilling to work with the Family Occupy Atlanta and community partners plan to March on the Bank this Friday(1/27/12). The plan is to meet at the Pittman(404 Glen Iris, Atlanta) at 3pm and March to Chase bank to demand the deed to the house. Carmen and Valerie Pittman made the annoucement that they planned to fight the bank for their home at a press conference in front of a Chase Bank branch earlier today

American Friends Service Committee Stands with the Pittman family as it is our belief housing is a human right.

Tim Franzen
American Friends Service Committee

1 comment:

  1. In a society where gains are privatized and losses socialized, with very little done to protect the public from reckless banking practices, it is only fair that Occupy Atlanta would enforce some justice. Banks can't have their cake and eat it too.