WHO: Rev. Jesse L. Jackson Sr., founder and president of the Rainbow PUSH Coalition; Cantina Matthews, mother of five facing foreclosure, the Matthews children, religious leaders and community activists
WHAT: PRESS CONFERENCE
WHERE: Rainbow PUSH Coalition Headquarters
930 E. 50th Street, Chicago IL 60615
WHEN: Saturday, December 31, 2011 at 11:30 AM
WHY: Rev. Jesse L. Jackson Sr., founder and president of the Rainbow PUSH Coalition will be ringing in the New Year by making an appeal on behalf of Cantina L. Matthews, a mother of five children who is facing home foreclosure and scheduled to be evicted on January 5, 2012.
“I have been taken advantage of and the bank has never even tried to work things out with me,” said Matthews. “They just yelled at me and stated that my home would be worth more to them if I was out of it. What kind of people are they to keep letting this happen to those like myself who want to pay them but they do not want to talk or listen to me? I will keep fighting for my home. I’m just asking for a little help.”
Rev. Jackson stated, “Reckless economic policies - decades of deregulation without checks and balances, or oversight - fueled by greed and a short-sighted rush to quick profits, have caused this runaway train. The poverty rate in 2010 was the highest since 1993. We must fight back.”
Earlier this month Rev. Jackson congratulated Attorney General Lisa Madigan for her determination to obtain some measure of justice in light of the egregious actions by Countrywide/Bank of America in initiating mortgages that targeted borrowers by race, exploited them and ultimately made a profit from their exploitation.
Reports indicate One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010. The foreclosure crisis continues unabated; in fact, analysts expect a rise in foreclosures in 2012.
The Rainbow PUSH Coalition is a progressive organization protecting, defending and expanding civil rights to improve economic and educational opportunity. The organization is headquartered at 930 E. 50th St. in Chicago. For more information about the Rainbow PUSH Coalition, please visit the organization’s website, www.rainbowpush.org, or telephone (773) 373-3366.