One year ago, Congress defunded public media. Now that we're 100% community funded, please become a sustaining member or increase your existing membership today.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Demonstration Will Confront President On His Policies Affecting Homeowners Near George Clooney's Pad Tonight
K2 images / Shutterstock.com
You might have heard that President Barack Obama is set to swing in tonight for an epic fundraiser at George Clooney's place.Rather than flee the Obamajam, a group of protesters will head into the eye of the storm to confront Obama about his policies affecting financially-strapped home-owners—and the banks they say have gotten a free pass. Protestors will call on the president to get aggressive with banks and reduce the principal on mortgage payments for many Americans, Peggy
Mears of the Campaign for a Fair Settlement told City News Service.
"Years after wrongdoing by the banks destroyed California's housing market, not a single banker has been prosecuted and the president has refused to dismiss the heads of Fannie and Freddie, who stands in the way of help for millions of Americans,'' Mears told CNS. "It's time the president stood up for homeowners."
The protestors will try to get as close as possible to Clooney's home in Studio City. There was no comment from the Obama campaign.
This fundraiser has been touted as one of the biggest one-night fundraisers in presidential history, thanks in part to all the money coming from folks who were hoping to snag a seat next to POTUS and Clooney. But Obama's own campaign won't confirm the $15 million that's being bandied about and warns the Hollywood Reporter not to believe the rumors: "No one outside of this building knows what this event has raised online. So be wary about any number you are hearing."
Worried about traffic? We know you are: here's the latest update on Obama's route from City Councilman Paul Krekorian.
Related:
Obama Heads to Valley for Epic Clooney Fundraiser Tomorrow
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Senior Vice President News, Editor in Chief
