takeover

Update:  An extenstion until July 10 has been granted and changes have been made to the financial conditions involved.  More details to follow.   Solidarity actions may still be needed, so stand by.

By Linden Gawboy, MN Coalition for a People’s Bailout

On Thursday, June 25, friends and supporters gathered at the home of Rosemary Williams to plan for action after getting devastating news. That morning, in a conference call, Judge Lloyd Zimmerman sided with finance giant GMAC and against Ms. Williams, who has been engaged in an epic battle to save her home. We were trying to appeal the judge’s earlier ruling which had denied us a trial. Turns out we could appeal, if we came up with a $49,000 ‘bond’ in two days.

$49,000 is clearly an impossible amount for anyone to come up with. We should not have to pay almost as much as the house is worth to get heard in the ‘halls of justice.’ Since we don’t have that kind of money, we will have to act.