The Common Good

Faith Leaders Defend Families Facing Foreclosure

Date: December 15, 2009

Faith leaders met with the White House Monday to call for reform in regulating the expected multi-billion dollar bonuses to bank executives this month as millions of families, whose tax dollars kept banks alive, face losing their homes.

“Teachers, social workers, small business owners and our men and women in the armed services all know what it means to sacrifice for the good of our country in tough times, and they do so with pride,” said Jim Wallis, CEO of social justice ministry Sojourners and author of the forthcoming book, Rediscovering Values: On Wall Street, Main Street and Your Street – A Moral Compass for a New Economy. “I refuse to believe that Wall Street is the one place in the country that is exempt.”

The event denouncing Wall Street bonuses while calling for greater protection for homeowners was organized by PICO National Network, Faith in Public Life, Sojourners and the Center for Responsible Lending.