Philadelphia ‘MoveOn’ Members Upset Over Housing Crisis Protest Outside ‘Obama For America’ Office

By Cherri Gregg

PHILADELPHIA (CBS) — Members from local chapter of rallied outside of the Obama for America office at 15th and Market Streets to send a message to the President about the housing crisis.

“Save our homes!! Save our homes!!” shouted the protestors.

“I’m a homeowner for over 35 years and I just went through a modification program with the help of PUP,” said Wendell Ridley, who lives in West Philadelphia.

He says he almost lost his home, after losing his job at a law firm.

“In 2008, I became a victim to the recession. It could have happened to anybody.”

But Ridley says he is lucky- because the Philadelphia Unemployment Project helped him save his home. Others aren’t as fortunate so he says, he decided to stand in solidarity with

“We want Obama to know that the guy he has in office from the Bush regime is doing nothing for the homeowners. Instead, he’s helping his corporate buddies.”

The guy is Ed Demarco- the head of the Federal Housing Finance Agency. Philadelphia Unemployment Project Organizer Tim Styer agrees that Demarco is a major problem:

“With the other mortgage companies, people are able to get help under the Obama {home refinancing} plan. But if your mortgage is owned by Fannie Mae or Freddie Mac, you can’t do anything.”

Styer says the HFA refuses to let Fannie or Freddie engage in principal reduction of loans.

“It’s a travesty for somebody in the Obama administration to not go along with the program.”

The protest was a part of a number of protests scheduled nationwide.

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One Comment

  1. Stan Shapiro says:

    You know, if Karl Rove says it, it must be the truth. That’s why it’s so lucky he and his puppet President warned us of Saddam’s weapons of mass destruction.

    The truth is there’s lots of room for blame here. The question is how do we get Fannie Mae and Freddie Mac to do the right thing now to save the 10 million homeowners who are under water.

  2. Bugs says:

    Li bt a rds still blaming Bush becasue they can’t get free money from the U su rper. Pathetic.

  3. Roman Doroshenko says:

    See, you vote for Obama to lose your homes not keep them.

    1. Hater says:

      They go to the obama office yet still blame Bush. Pathetic.

      1. Adam Goldman says:

        He was a Bush appointee. Obama attempted to appoint someone new, but Congress blocked him.

      2. Hater says:

        What you say is true but obama could easily appoint someone else if he really cares to. He (Mr. Ridley) refers to DeMarco as the guy from the “Bush regime” as if it’s Bush’s fault when, in fact, this entire housing crises could possibly have been prevented had they listened to Bush in the first place.

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