More than 150 demonstrators outfitted in goggles, snorkels flippers and life preservers filled Boston, MA's financial district today to call attention to the scourge of underwater mortgages. Nationally, 25 percent of mortgages are underwater - meaning the amount owed on the mortgages exceeds the value of the home.
Local foreclosure victims were joined by allies from Occupy Wall Street, Occupy Boston and the MASSUNITING coalition to demand financial institutions take meaningful steps to address the mortgage crisis by reducing the principal owed on underwater homes.
Read more about the event here and then watch video from the march. Media coverage from Boston Business Journal.
