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Showing blog posts by Arlene Holt Baker

About Arlene Holt Baker

Arlene Holt Baker’s experience as a union and grassroots organizer spans more than 30 years. On Sept. 21, 2007, she was approved unanimously as executive vice president by the AFL-CIO Executive Council, becoming the first African American to be elected to one of the federation’s three highest offices and the highest-ranking African American woman in the union movement. In this position, Holt Baker builds on her legacy of inspiring activism and reaching out to diverse communities to support the needs and aspirations of working people.

Tell the Banks: This Home Is Occupied

The Occupy Wall Street movement has given a voice to the 99 percent of us who have suffered at the hands of the Big Banks. In cities across the country, “Occupy” protesters have highlighted our nation’s growing economic inequality, high unemployment and the foreclosure crisis that continues to ravage our communities.  We saw another inspiring example of the 99 percent standing together in recent days in Atlanta.

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Obama Administration Requires Banks to Extend Foreclosure Forbearance for Unemployed Workers

The June jobs numbers, which came out on Friday, show just how dire and desperate the situation is for unemployed workers. As I travel the country, I hear the heart-wrenching stories over and over—including many of those who have been out of work for months and are on the verge of losing their homes. So this week’s White House announcement on helping homeowners with foreclosures is welcome news. Amidst the worsening foreclosure crisis, millions of unemployed homeowners facing imminent foreclosure will finally get some relief through adjustments made by the Obama administration.  

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Make the Banks Pay Their Fair Share!

The foreclosure crisis just keeps getting worse. More than 12 percent of residential mortgage loans are in foreclosure or at least one payment past due. Millions of homes have been needlessly foreclosed on because banks have not modified homeowners’ mortgages to affordable levels. On top of this misery, the U.S. Department of Housing and Urban Development’s (HUD’s) funding for counseling to prevent foreclosures has been cut to zero.

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Unconscionable Executive Pay at Fannie Mae and Freddie Mac

The top six executives of the two mortgage giants, Fannie Mae and Freddie Mac, received a combined total of $35.4 million during 2009 and 2010. According to a newly issued report by the inspector general of the Federal Housing Finance Agency, the CEOs of both companies alone were paid a shocking $17 million over the past two years.

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