I got this ACORN media advisory today and considering the post I just read on Barbara Ehrenreich’s blog—I think this is important.

National City, the seventh largest mortgage servicer in the nation, is responsible for 1.2 million loans valued at $187 billion. Many of them are delinquent or will soon become delinquent. In order to prevent all of those loans from going into foreclosure, massive numbers of streamlined modifications are necessary. ACORN is demanding that National City provide fixed-rate, affordable modifications to all delinquent loans that they are responsible for servicing.

WHO: ACORN Members

WHEN: Tuesday, July 29, 2008

WHERE: National City Mortgage, 1801 Old Hwy 8 NW Suite 123 & 123 New Brighton, MN 55112

TIME: 11:00 a.m.

“As one of the larger lenders that fueled this crisis, and as one of the largest mortgage servicers in the nation, National City has a responsibility to solve this crisis with swift and decisive action to save the homes of hundreds of thousands of families,” ACORN member Al Ynigues, said, “Your slogan is, “We care about doing what’s right.” Now is the time for National City to prove it.”

As for the post I read today on Barbara Ehrenreich’s blog she talked about people who are facing foreclosure committing suicide.

Dry your eyes, already: Death is an effective remedy for debt, along with anything else that may be bothering you too. And try to think of it too from a lofty, corner-office, perspective: If you can’t pay your debts or afford to play your role as a consumer, and if, in addition – like an ever-rising number of Americans – you’re no longer needed at the workplace, then there’s no further point to your existence. I’m not saying that the creditors, the bankers and the mortgage companies actually want you dead, but in a culture where one’s credit rating is routinely held up as a three-digit measure of personal self-worth, the correct response to insoluble debt is in fact, “Just shoot me!”

The alternative is to value yourself more than any amount of money and turn the guns, metaphorically speaking, in the other direction. It wasn’t God, or some abstract economic climate change, that caused the credit crisis. Actual humans -often masked as financial institutions – did that, (and you can find a convenient list of names in Nomi Prins’s article in the current issue of Mother Jones.) Most of them, except for a tiny few facing trials, are still high rollers, fattening themselves on the blood and tears of ordinary debtors. I know it’s so 1930s, but may I suggest a march on Wall Street?

This is why what ACORN is beginning to do is so important. People have more power than they think they do.

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