EMAIL SIGN UP!
The press releases posted here have been submitted by
For further information or to comment on this press release, please contact the organization directly.
Most Popular This Week
Today's Top News
FOR IMMEDIATE RELEASE
Greg Bowens, Bowens & Co. email@example.com (248) 275-3156
Homeowners, Tax Payers, Workers Ask Pulte Mortgage CEO Debra Still: Show Us The $900 Million Bailout Money!
WASHINGTON - January 19 -
Over one hundred show up at rally during the scheduled Mortgage Bankers Association Summit to demand same level of accountability given to GM and Chrysler.
Homeowners, community leaders, tax-payers, and rank-and-file workers from the Sheet Metal Workers International Association and the International Union of Painters and Allied Trades held a rally and demanded accountability for $900 million in taxpayer funds used to bailout PulteGroup. The rally was held at the JW Marriott, 1331 Pennsylvania Ave., today, with the support of the Detroit Metro and the Metro Washington AFL-CIO. It was held in the same hotel and in conjunction with a summit hosted by the Mortgage Bankers Association, and chaired by Pulte Mortgage CEO Debra Still.
"This is the second time we have attempted to get answers from Pulte executives about how they spent the money. Wherever they go, we will follow until there is accountability for those taxpayer dollars," said Saundra L. Williams, President, Metropolitan Detroit AFL-CIO. "We bailed out the auto companies. We bailed out the banks. We bailed out Pulte. It's time for them to show us the money that was supposed to create jobs. There needs to be accountability here."
Community members rallied inside the hotel, and announced that they are calling for congressional hearings to determine whether PulteGroup may have acted against the spirit and intent of the law. PulteGroup received close to $900 million thanks to the Worker, Homeownership and Business Assistance Act of 2009. The act was intended to create jobs and extend benefits to the unemployed. Instead, PulteGroup is spending the cash on increasing the ranks of the unemployed by laying off people. The company reported spending $8 million on employee severances and related costs. Then it announced plans to cut 350 jobs and close a plant in Tolleson, AZ. PulteGroup has not indicated to its investors that it is spending money on creating jobs.
Today's action follows a similar one held in Detroit last December where the PulteGroup CEO Richard Dugas was to speak at the Detroit Economic Club luncheon. The luncheon was cancelled with no explanation at the last-minute, but the rally continued. This effort is part of the national Building Justice campaign, which aims to hold the nation's largest homebuilder accountable for its actions both in the financial arena and in the neighborhoods they build.. The home builder has been dogged by reports of low quality, violations of environmental regulations and worker complaints about failure to maintain wage standards.