Today, there will be rallies in six cities organized by several organizations including Jesse Jackson’s RainbowPush. The main march will be on Wall Street at noon where protesters will demand Wall Street play a major role in helping those who are losing their homes.
Jackson wants financial leaders to restructure mortgage plans for people who risk losing their homes because they are falling behind in their payments, he said in a statement.
“Two million homes nationwide will be at risk of foreclosure by 2008,” Jackson said in a statement. “Most foreclosures result from shady products that have been offered by subprime lenders ultimately financed by Wall Street.”
This is expected to be just the opening move in a continuing series of protests.