At the close of 2008 and throughout 2009, Americans watched our federal government reward the reckless multinational financial sector with trillions of dollars for causing the worst hardship since the Great Depression. San Franciscans and Californians joined in the agony but few understood that both San Francisco and California have come up with their own bailout for one of the major players in the meltdown, the South Florida based Lennar Corp.
Tags:
adjustable rates,
Ann Garrison,
balloon payments,
Bank of America,
D.R. Horton,
D.R. Horton‘s DHI Mortgage,
Deutschebank,
Goldman Sachs,
Gretchen Morgenson,
home builder mortgage operations,
Hoover’s,
IMF,
investment banks,
John Caulfield,
Lennar CEO Stuart Miller,
Lennar Corp.,
Lennar Home,
Lennar’s UAMC,
Morgan Stanley,
NAHB (National Association of Home Builders),
Naval Radiological Defense Laboratory,
negative amortization payments,
Proposition G,
public private partnerships,
Pulte,
Pulte Homes’ Pulte Mortgage,
Reaganite trickle down economics,
San Francisco’s Hunters Point Naval Shipyard,
secondary mortgage market,
Sen. Mark Leno,
Senate Bill 792,
subprime loan meltdown,
tent cities,
toxic dumpsites,
UAMC mortgages,
Universal American Mortgage Co. (UAMC),
World Bank
SB 792 is a license for Lennar to dump worthless, dangerous, highly toxic and radioactive land on the public, in exchange for clean, desirable Candlestick parkland that graces the Black and working class community of Bayview Hunters Point. Labor must not be deceived into becoming an unwitting and involuntary participant in a major crime.
Tags:
Aquatic Park,
Bay Area Air Quality Management District standards,
Bayview Hunters Point,
Black and disadvantaged residents,
Bradley Wiedmaier,
Candlestick Point land,
detoxification,
environmental racism,
Fort Mason,
Lennar,
Mark Leno’s Senate Bill 792,
Naval Shipyard Superfund,
Presidio,
Proposition G,
radiation issues,
Ralph Schoenman,
San Francisco,
San Francisco Labor Council officials,
the Center for Self Improvement,
the city of San Francisco,
the Democratic Party,
the Environmental Protection Agency,
the Golden Gate,
the Hunters Point development plan,
the party of Speaker of the House of Representatives Nancy Pelosi,
the Redevelopment Agency,
the San Francisco 49ers,
the TOXIC SWAP,
Tim Paulson,
toxic dump,
toxic shipyard land,
toxic sites
It’s been 33 years, but Ed Donaldson can still see the anxious look on his mother’s face when she was told she had to move. It was 1976, and Donaldson was only 10 – the youngest of three children – when the family received word from the San Francisco Redevelopment Agency that they were being kicked out of their Hunters Point apartment.
Tags:
a single Black woman,
Aileen Hernandez,
Alicia Garza,
Bayview Hunters Point,
Black residents,
Black San Francisco neighborhood,
Black veterans,
Chinatown,
displaced families,
East Palo Alto,
Ed Donaldson,
Fillmore district,
Jamilah King,
Lennar Corp.,
Mayor Newsom,
Oakland,
People Organized to Win Employment Rights,
Proposition G,
Regina Davis,
San Francisco,
San Francisco’s Black population,
Shawn Ginwright,
Supervisor Maxwell,
the Hunters Point Naval Shipyard,
the Osiris Coalition,
the San Francisco Housing Development Corp.,
the San Francisco Redevelopment Agency,
Tinisch Hollins,
young Black entrepreneurs
Lennar’s LEN stocks had sunk to $3.60 per share by mid-November despite restructuring and partnership with the financial firm CB Richard Ellis, headed by Richard Blum, a UC regent and husband of Sen. Dianne Feinstein, a principle sponsor of the Lennar-funded Proposition G.
Tags:
"polluter pays" regulations,
Ahimsa Porter Sumchai M.D.,
asbestos,
BAAQMD Asbestos Dust Mitigation Plan,
Bay Area Air Quality Management District,
Bayview Hunters Point,
biomonitoring,
California Body Burden Campaign,
CH2M Hill,
Community Choice Aggregation,
dirty transfer,
Dr. Kevin Grumbach,
Dr. Tomas Aragon,
environmental justice,
Hunters Point Naval Shipyard,
John Rizzo,
Kofi Bonner,
Lennar,
Lennar-BVHP,
Mirant power plant,
Proposition F,
Proposition G,
Richard Blum,
San Francisco 49ers stadium,
San Francisco Board of Supervisors,
San Francisco Department of Public Health,
San Francisco Redevelopment Agency,
Sen. Dianne Feinstein,
Sierra Club,
Supervisor Ross Mirkarimi,
The Healthy California Biomonitoring Program
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