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

Contact: Carlos Marroquin 323-592-4663

“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.


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commented 2014-09-26 10:13:28 -0700 · Flag
Bank of America canceled my mortgage modification by just stating I didn’t want it ( after receiving fifteen payments without giving credit). BOA sent this statement canceling my modification to start foreclosure but then sent a modification I never applied for three months later so they could add $50k to the balance. Looks like BOA got there penalties and interest as the servicer but doubt the foreclosure will sell for half what I was trying to pay. Idaho is non-judicial and judges do not have to look at legalities of foreclosures. Look at the paper trail on this BOA/ Countrywide loan and sure seems strange that the loan was resold to Fannie Mae at auction for $100k over highest value during the boom. I am just showing my experience with BOA and remember no real regulations have been passed since the housing crisis.

Here is an article written from a complaint I had in at the Idaho DA’s office four years ago against Bank of America and you can tell what happened;

Lost over twelve years of investment and my retirement I had to draw during my injury; while weighting for the modification that was going to be canceled. I will be advising everyone I know to use Pubic Banking and Credit Unions.
commented 2014-09-26 07:19:53 -0700 · Flag
(Fact) It’s Official: Public Corrupted Crooked Medicare Fraudster Governor RICK SCOTT has destroyed Lee County Florida’s Economy. Lee County’s Economy is in a State of Emergency due to all the Outrageous Public Corruption going in the Number One Ranked County in The Nation for Public Corruption, Discrimination, Mortgage Fraud Cover Up’s and Organized Scheme to Defraud Horrific Crimes being committed by Governor Rick Scott’s Lee County Public Corrupted Officials engaging in Florida State Rico Violation’s with Co-conspirator’s Sheriff Mike Scott, Florida State Attorney Stephen B. Russell, Judge Sherra Winesett, attorney general Pam Bondi, Det. John Paccione, Det. Kenny Ellis, Rosa Estrada, attorney Thomas S. Heidkamp, attorney Michael D. Randolph, attorney Andrew S. Epstein.

U.S. attorney general to Gov. Rick Scott: We’re watching you
By Steve Bousquet and Alex Leary, Times/Herald Tallahassee Bureau

Sign Petition NOW! against Governor Rick Scott pertaining to the Largest Organized Public Corruption Cover Up in the History of the State of Florida.

Go here to sign——-> http://www.thepetitionsite.com/982/222/963/petition-against-governor-rick-scott-by-enzo-vincenzi
Eight Reasons Pam Bondi Is the Worst Attorney General in Florida History http://blogs.browardpalmbeach.com/pulp/2014/07/8_reasons_pam_bondi_is_the_worst_attorney_general_in_florida_history_draft.php

Florida The Most Fraudulent State In America: 24/7 Wall St.

Anyone who has any information leading to the ARREST and Conviction of Con Artist Convicted Felon Miriam Pacheco, Maria T. Torres and Blanca Rosa Sachatouras, Public Corrupted Judge Sherra Winesett, CONTACT N.Y./Florida Investigator Bob Nygaard at 561- 596-3443.
@OFF_LA tweeted this page. 2014-09-26 00:51:02 -0700
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.