From the Denver Post, we have: Protesters demand Fed mortgage aid.
Melvin and Katie Scott and their 12- year-old son, Alexander, spent Wednesday in front of the Denver branch of the Federal Reserve Bank. If the Scott family cannot raise nearly $6,000 soon, their Green Valley Ranch home will go on sale June 19.
The Scotts and about 12 other demonstrators - in a rally organized by the Association of Community Organizations for Reform Now, also known as ACORN - demanded the Federal Reserve crack down on high-rate mortgages.
ACORN groups across the country gathered in front of Federal Reserve Bank branches with a list of demands, including the elimination of prepayment penalties in subprime loans and a one- year moratorium on foreclosures so borrowers late on their mortgages could set up payment plans.
Oooooh! Banks that issue mortgages (not the Fed) are really scared now. 15 protestors!!!
Shiver, ye, shiver against the wrath of those that can't borrow money.
This is almost as funny as the time a few artists went on strike promising to produce no art in protest of the NEA.
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