When Will We Bailout Main Street, Cesar Chavez and Martin Luther King Blvd?

Orson Aguilar
Incoming Executive Director
510-926-4004 office
orsona@greenlining.org

Preeti Vissa
Community Reinvestment
510-926-4022 office
preetiv@greenlining.org

California – The House of Representatives joined the Senate’s vote on Wednesday in affirming the $700 billion dollar bailout of financial institutions. The bailout contains virtually no language that will compel financial institutions to effectively address the foreclosure crisis or to embrace adequate measures to keep people on Main Street in their homes. The bailout also includes a wide range of benefits for big business but nothing for the small business community that will keep our economy going through a recession. Continue reading “When Will We Bailout Main Street, Cesar Chavez and Martin Luther King Blvd?”

Main St. and $200 Billion Dollar Sovereign Wealth Fund Investments in Homeownership

Robert Gnaizda
General Counsel
510-926-4006 office
robertg@greenlining.org

Preeti Vissa
Community Reinvestment
510-926-4022 office
preetiv@greenlining.org

Berkeley, CA – Today, in response to the strong opposition from Main St. and the heavy Congressional criticism of the $700 billion dollar bailout, Greenlining Institute has proposed to the Secretary of the Treasury and the federal banking regulators an alternative or supplement to any future bailout. The proposal entitled the “$200 Billion Dollar Sovereign Wealth Fund Investment in Homeownership” could be headed by the two most respected Americans knowledgeable about housing and investments, Sheila Bair the Chair of the FDIC (listed by Forbes magazine as the most powerful woman in the United States) and Warren Buffet, the world’s most respected investor. Continue reading “Main St. and $200 Billion Dollar Sovereign Wealth Fund Investments in Homeownership”