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HOMEOWNERS RESPOND TO RESIGNATION OF U.S. ATTORNEY GENERAL: “The Department Of Justice has failed to prosecute the banking executives responsible for the global recession,” notes Occupy Fights Foreclosures

FOR IMMEDIATE RELEASE
Contact: Carlos Marroquin 323-592-4663

HOMEOWNERS RESPOND TO RESIGNATION OF U.S. ATTORNEY GENERAL
“The Department Of Justice has failed to prosecute the banking executives responsible for the global recession,” notes Occupy Fights Foreclosures

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Los Angeles - United States Attorney General Eric Holder announced his resignation today, leaving a legacy of a failure to prosecute any of the banking executives who designed, implemented, and profited from the 2008 global financial crisis.

Despite President Obama’s 2012 State of the Union address announcing a renewed push in prosecuting mortgage fraud, the Department of Justice (DOJ) has failed to take any action against the big banks who destroyed our economy. In fact, the Inspector General revealed in a March 2014 report that the Criminal Investigative Division of the FBI “ranked mortgage fraud as the lowest ranked criminal threat in its lowest crime category.”  The same report, which examined prosecutions between 2009 and 2011, found that the DOJ had also grossly overstated its own Financial Fraud Enforcement Task Force statistics.

Eric Holder testified to the Senate Judiciary Committee in March 2013 that some corporate criminals are too big to jail. “If you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” he said, concluding, “some of these institutions have become too large.”

After serving in the Clinton Administration, Holder worked in private practice for the corporate law firm Covington & Burling, representing such clients as Swiss Bank UBS and Bank of America. As Attorney General under President Obama, Holder has given his friends and clients on Wall Street a free pass for their past crimes.  He has drawn headlines for billion-dollar settlements with J.P. Morgan Chase, Citigroup, Bank of America, Wells Fargo, and other banks.  Homeowners point out that mortgage fraud settlements are not justice.  These banks have committed trillions, not billions, in a massive fraud in a colossal scale that continues to have lasting repercussions. Civil settlements do nothing to help families who are still losing their homes, six years after the massive financial crimes of the big banks were initially exposed. A settlement is merely a bail-out for  those who intentionally broke the law. The national mortgage fraud settlements serve to benefit only the banks (who gain relief from numerous claims by state and federal agencies) and the government (who receives a cash infusion). Little to no money reaches individual victims of mortgage fraud. Settlements reinforce that it will be possible for bankers to pay their way out of future crimes!

We, the People, call on President Obama to nominate an Attorney General who represents real change, not another Wall St. insider. We demand a priority investigation into all the past DOJ mortgage fraud settlements. Nothing has been done to deter the crimes and risky financial practices that created the housing bubble. It is imperative that the Department of Justice seek true  justice for the millions of families harmed by evictions, foreclosures, prolonged unemployment, and decline in consumer spending power of the Great Recession.

Additional source:

“Audit of the Department of Justice’s Efforts to Address Mortgage Fraud,” U.S Department of Justice, Office of the Inspector General, Audit Division, Audit Report 14-12. March 2014.

http://www.justice.gov/oig/reports/2014/a1412.pdf

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HOMEOWNERS OPPOSE BANK OF AMERICA MORTGAGE FRAUD SETTLEMENT

FOR IMMEDIATE RELEASE
Contact: Carlos Marroquin 323-592-4663

HOMEOWNERS OPPOSE BANK OF AMERICA MORTGAGE FRAUD SETTLEMENT

“Mortgage Fraud Settlements are Bailouts for Criminal Wrongdoing,” declares Occupy Fights Foreclosures

August 7, 2014—As Bank of America nears a $17 billion settlement with the United States Justice Department for mortgage securities fraud, homeowners point out that mortgage fraud settlements are not justice. Bank of America has committed trillions, not billions, in a massive fraud in a colossal scale that continues to have lasting repercussions. This settlement does nothing to help families who are still losing their homes, six years after the massive financial crimes of the big banks were initially exposed.

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Open Letter To Governor Jerry Brown: $410 Million Due to Struggling Homeowners from National Mortgage Fraud Settlement

MEDIA RELEASE
IMMEDIATE RELEASE
August 1st, 2014
Contact: Carlos Marroquin (323) 592-4663

OPEN LETTER TO GOVERNOR JERRY BROWN REGARDING THE $410 MILLION DUE TO STRUGGLING HOMEOWNERS FROM THE NATIONAL MORTGAGE FRAUD SETTLEMENT

Homeowners pressure Governor Brown to return the $410 Million he took from the National Mortgage Settlement --$18 billion-- in an attempt to balance the state budget

openletter20140801-dropoff-S.jpgWHO: Homeowners, Occupy Fights Foreclosures

WHAT: Open Letter to Governor Brown released during a Occupy Fights Foreclosure rally and march in Sacramento CA at a Occupy National Gathering 2014

WHY: $410 Million due to California Struggling Homeowners

WHEN: August 1, 2014

Sacramento, CA — At the opening rally, Occupy Fights Foreclosures issued a open letter and hand delivered the letter to Governor Brown requesting that he give back the money he borrowed from the National Mortgage Settlement—$18 billion—to "balance" the state budget. This settlement money was expressly intended to compensate homeowners defrauded of their homes, and to help homeowners working desperately to save their homes. Instead, this money was used to balance a budget shortfall due to the economic collapse caused by the very banks involved in the settlement!

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PRESS RELEASE: Occupy, Homeowners, Activists Rally at CA State Capitol, Demand Accountability

PRESS RELEASE
IMMEDIATE RELEASE

Contact Carlos Marroquin (323) 592-4663

Occupy Movement National Gathering come to CA State Capitol, Homeowners and Activists Rally and March to Demand Accountability and Help for Struggling Homeowners

What:

1) To pressure Gov. Brown to give back the money he took from the National Mortgage Settlement -- $18 billion -- in an attempt to balance the state budget.

2) To insist that Keep Your Home California adjust their rules to allow more people to qualify for this program.

3) To speak with the head of Kamala Harris' Mortgage Fraud Strike Force to call them to account for their dismal record of prosecutions and waste of taxpayers' money. There will be a rally at 11:00 am on the steps of the Capital. Then the group will march from the State Capital building to Kamala Harris' Sacramento office.

4) To demand accountability of all the mortgage fraud investigations and settlements.

Homeowners fighting foreclosure or who've been defrauded by foreclosure and their supporters will be attending.

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Mothers of America Declaration and Open Letter to President Obama

Whereas:    Our country has not experienced a foreclosure epidemic of the magnitude that we Mothers of America are currently experiencing since the Great Depression;

Whereas:    The numerous and widespread atrocities committed against our families and our homes by the unconscionable practices of banks and mortgage servicers is well-documented;

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MEDIA RELEASE: Mothers United Against Foreclosures Rally Saturday May 10

Moms Fight Back Against Foreclosures Ahead of Mothers’ Day

GARDENA, CA – On Saturday, May 10th at 10:00 AM several dozen mothers will march from the residence of a homeowner fighting eviction to the local branch of Wells Fargo bank (28350 Western Ave., Gardena  90249) for a “Moms Fight Back” rally against the greed and corruption of the banks that continue to fraudulently foreclose on families across the nation.

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May Day Call for Action Against Wells Fargo's Ongoing Abuses and Corruption

MayDay2014_OFFProtestNotice.jpgFOR IMMEDIATE RELEASE: Wednesday, April 30, 2014
Contact: Carlos Marroquin 323-592-4663

WHAT: #MayDay2014 March to Wells Fargo, 717 W. Olympic Boulevard, Los Angeles to protest the greed, corruption, fraudclosures, and ongoing abuses of Wells Fargo.

WHEN: Thursday, May 1st at 3:00 PM

WHERE: 717 W. Olympic Boulevard, Los Angeles, corner of Olympic & Figueroa

WHY: In solidarity with the National Day of Action against Wells Fargo (held in the end of April) Occupy Fights Foreclosures calls on allies in Southern California to join this #MayDay2014 protest in downtown Los Angeles. If we do not keep taking to the streets, the big banks will be able to convince everybody that things are just fine. We make the banksters uncomfortable when we show up on their doorstep, and it is important to keep the pressure on and let them know we haven’t forgotten their crimes against the people!
Customers are supposed to be served, not strip-mined.

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Home Defense Emergency at the Lucero's

MEDIA ADVISORY

February 21, 2014

The Lucero family has been served with a writ of possession by Deutsche Bank. Deutsche Bank has not owned this property for over a year.

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Occupy Fights Foreclosure's Response to the State of the Union 2014

(written collaboratively by Occupy Fights Foreclosures participants)

President Obama gave his annual state of the union address and, as expected, little to no mention was made of the housing crisis or the massive corporate fraud that created the worst recession since the Great Depression of the 1930’s.
 

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OFF statement: CA State Bar Reinstates Siringoringo While Dozens of New Victims File Complaints Against Him

PRESS RELEASE
IMMEDIATE RELEASE
Who:     Attorney Stephen Siringoringo, CA State Bar, Judge Richard Honn, Homeowners
What:    Judge Richard Honn reinstates attorney Stephen L. Siringoringo's licence to practice law
When:   October 8th, 2013

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Why stay home when you can save a home?
Occupy Fights Foreclosures, affiliated with OccupyLA, stands up against the nationwide foreclosure crisis. We support, educate and empower homeowners at risk to save their homes from fraudulent foreclosure.