America's 50 Attorney Generals Have the Power to Stop the Banks from Kicking People Out of Their Hom

[Donnachaidh]

http://www.alternet.org/rights/149784/america%27s_50_attorney_generals_have_the_power_to_stop_the_banks_from_kicking_people_out_of_their_homes_--_will_they_use_it

How you can push the attorney generals to do the right thing.

Rumor has it that the 50 state attorney general investigation into the Fraudclosure scandal is wrapping up. It's time for a backbone check. Will the state attorneys general just ask the big banks and service providers to turn over a chunk of change from seemingly bottomless pockets? (This strategy was pursued by the Security and Exchange Commission (SEC) with little impact). Or will Iowa Attorney General Tom Miller take the lead in wrestling a real settlement out of the banks so that families hammered by unemployment and underemployment can stay in their homes

Widespread Criminality

Americans know that the big banks and the mortgage service providers got us into this hole by pursuing an array of financial crimes. The SEC settlements alone have revealed a plethora of illegal, predatory and deceptive lending related to mortgages, securities fraud, accounting fraud, insider trading, brokerage fraud, bribery of government officials, criminal conflict of interest, deception of shareholders and investors, and more.

More at the link --

[MineralMan]

1. If you stop and think about the process of becoming the Attorney

General of any state, it's easy to see that such an action is not likely to occur. Attornies General did not reach that lofty position in the field of law by representing the common man, in almost all cases. They did it by representing the interests of the moneyed class. Their colleagues and acquaintances are members of that class, and they're more likely to meet on a country club golf course than in the neighborhood tavern.

Reality bites, but it is reality. With few exceptions, expecting the Attorney General of a state to take a stand in favor of the ordinary citizen of that state is an expectation that will go unmet.

[dkf]

2. What is the point of keeping people in homes they can't afford?

Wouldn't they be better off reducing their expenses by renting?

[ProgressiveProfessor]

3. The problem is not all foreclosures are bad or uncalled for

Shutting them down is no solution either. There needs to be closer scrutiny and integrity returned to the system. My suggestions include:
- Return court oversight to all foreclosures
- Require original documents and no robo pen signings
- Fine/prosecute anyone caught using fraudulent documents and tactics (on either side)