Last Wednesday, faith leaders with Communities Creating Opportunities, a PICO affiliate, pushed a Responsible Banking resolution through City Council, making good on a commitment made at CCO's October Opportunity Now!. Officials from both sides of the state line promised to support the passage of responsible banking ordinances.

Arturo de los Santos and his family, shortly before his arrest.

Arturo de los Santos and his family protested with 60 supporters from ACCE and Military Families Speak Out at Freddie Mac in Los Angeles yesterday, until arrests were made to clear the building. Chase wrongly foreclosed on the de los Santos family. Now, Freddie Mac owns the mortgage and will evict the family from their home anyday. You can read more about Art's story and take action to help the de los Santos family keep their home by clicking here. 

Shelterforce, the journal of affordable housing and community building, has published a number of articles covering The New Bottom Line and our partners. We'll post new articles about The New Bottom Line as they are printed, but for now, check out this round-up of New Bottom Line coverage from Shelterforce!

The New Bottom Line has issued a statement in response to the AG-bank mortgage settlement. Check back soon for more in response to the settlement. 

The mortgage fraud settlement being announced today is a tiny drop in a big bucket.  It does not do justice for the millions of homeowners who lost their homes or hold the banks fully accountable for their crimes.   For homeowners who were defrauded and lost their homes, $2,000 is too little, too late.   It is a paltry down payment toward full relief for homeowners.

This week The New Bottom Line launched Confront Corporate Power, a campaign in conjunction with a number of progressive, labor, student, and environmental groups to take back our democracy from the biggest and most powerful corporate interests in the country. 

Below is a round-up of the action, so far. Make sure to follow #99power on Twitter for up-to-the-minute updates on Confront Corporate Power. 

Yesterday 200 people marched to Wells Fargo's corporate offices in Seattle to demand that the bank pay it's fair share in taxes. The rally shut down the front entrance of the corporate offices as security prevented the protesters from entering the building.

Check out the great action photos below. 

Sporting goggles, snorkels, flippers and life preservers, more than 150 demonstrators marched on the big banks today to call attention to the scourge of underwater mortgages. Foreclosure victims lead by City Life and New England’s Bank Tenant Associations were joined by allies from MASSUNITING and the Occupy movement in calling on financial institutions to take meaningful steps to address the mortgage crisis.  Their primary demand of JP Morgan Chase, Fannie Mae, Bank of America and other big banks: reduce the principal owed on underwater homes.

See below for video and photos of the action. 

Today's featured 1%er from Pulling Back the Curtain: The 1% Behind 2011 Big Bank Bonuses is William W. George, who serves on the board of directors' compensation committees for both Goldman Sachs and ExxonMobil. 

It is no secret that the largest corporations in the country, the Bank of Americas, the Wal-Marts, the Verizons, are undermining our democracy, poisoning our environment and widening the gap between rich and poor.

That's why today, The New Bottom Line joins with thousands of workers, retirees, families fighting foreclosure, the unemployed, students, immigrants and environmentalists to confront abusive corporate power head on.

Go to Confront Corporate Power