Stephen Lerner

Stephen Lerner is a labor and community organizer currently serving on the Service Employees International Union’s International Executive Board.

Recent Articles

Write Down the 11 Million

Underwater homeowners aren’t backing down—they’re standing up and fighting back. And we need to stand with them.

(AP Photo / DAVID J. PHILLIP)
We’re entering the 99 percent spring, with escalating actions starting across the country next Tuesday targeting America’s biggest tax dodgers. On April 24, shareholder actions will begin at General Electric, Wells Fargo, Bank of America, and dozens of other corporations. Americans are renewing the fight to fix our economy and to hold the big banks accountable for the misdeeds that have left millions out of work and out of homes. Last month in The Nation , I wrote about three issues that allow us to thread different strands of activity through a common analysis of how Wall Street, big banks, and corporations have profited by tanking and then reorganizing the economy: housing, student debt, and the devaluing of work. Of those three issues, the bravest activists—and the highest stakes—may be found in the housing crisis. Right now in America there are nearly 11 million homeowners who are threatened by foreclosure or are underwater— 11 million— who collectively hold nearly $800 billion in...