Posted on 26 January 2012 by Benjamin Phillips
GMAC (also known as Ally Financial), a bank that received a $16.3 billion bailout, has served the Cisse family of West Oakland with a foreclosure notice.
Siaka Cisse requested two loan modifications and was refused both times. First they justified the denial by saying his reported income was too high. After Siaka was wrongfully terminated from his job, GMAC refused to modify the loan because his income was too low. The Cisses have been making consistent payments on their home for ten years. GMAC has resolved to evict this family of six and put the house up for auction.
All Siaka wants is to delay the auction for 3 months. This would give the Cisses time to make arrangements.
The Cisses have every right to stay in their home and have been trying for six months to work with the bank. GMAC was bailed out when the economy got rough, but working people like Siaka Cisse received no stimulus check and continue to be preyed upon by big lenders.
Shutting down this auction in solidarity with the Cisse family means standing up against a system that keeps working class people struggling for survival.
Meet on the grass at 14th and Lakeside at 11:00 am on Monday, January 30th.
Please bring whistles, noisemakers, your loud voices and anything else you can get past courthouse security to disrupt this auction. United against the forces that exploit us, we have the power to win!