Save the America Dream leaders pressed Senator Edwards and Senator Obama to move aggressively to rein in banks and mortgage lenders that prey on everyday families at the Campaign for Community Values Presidential Forum in Des Moines Iowa Saturday.
Rev. Eugene Barnes addresses a crowd of 3500 at the Heartland Presidential Forum
The forum, which was sponsored by the Center for Community Change and NTIC Affiliate Iowa Citizens for Community Improvement was part of a national campaign to move values of community and interdependence into the mainstream.
Senator Obama said he would work to put pressure on banks and securitization firms to convert high adjustable rate mortgages to fixed-rate mortgages in the wake of the growing problems of foreclosures and the sub-prime loan market.
Senator Edwards said he would sign into a law a national predatory and payday lending law that would crackdown on lenders.
“Understand that part of the reason we got into this is we didn’t have a government that was regulating these bodies in the first place,” Obama said of the sub-prime lenders.
Six leaders from the NTIC Network addressed the crowd of over 3000–Inez Killingsworth (Empowering and Strengthening Ohio’s People), Emira Palacios (Sunflower Community Action), Brenda LaBlanc (Iowa Citizens for Community Improvement), Rev. Eugene Barnes (Central Illinois Organizing Project), Barbara Anderson (Empowering and Strengthening Ohio’s People), and Lynette Nickleberry (Grass Roots Organizing).
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