A number of national consumer groups are organizing calls to state attorney generals to stiffen their collective spines. As you may recall, the 50 state attorney general investigation into mortgage and foreclosure abuses started with the usual fanfare and promises of tough action and has been trying to beat a quiet retreat since them.
The AG leading the probe, Tom Miller of Iowa, made a public promise in December to put bank
executives in jail for the crimes they’ve committed against the American people. Last week, he backtracked almost completely, and is now claiming the matter is inherently civil, not criminal. The laws certainly haven’t changed since last year, only the party line has.
Don’t let the AGs get away with it. Call and let them know that you are watching and are not about to be fooled by a bait and switch.
Go to CrimeShouldn’tPay and add your name to the petition now.
Join thousands of people this Thursday, February 3 by calling your state Attorney General and demanding a strong settlement against the big banks. The site provides the phone numbers and a possible script with two demands, deep principal mods and criminal prosecutions. I’d add one more: the right to a third party appeal over suspected servicer fee errors and abuses.
A few minutes of your time (http://bit.ly/callag) on Thursday will send a message to the Attorneys General that the public is hopping mad and won’t settle for anything less than serious penalties for the big banks and equal protection under the law for millions of homeowners.
Please spread the word. Email this post to your friends. Go to www.crimeshouldntpay.com and post the call-in day details on your Facebook page and announce it on Twitter. Thanks!
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Great post! And great idea on their and now your, part. I’m definitely going to phone. I’m also going to put it on FB and Twitter, for what it’s worth, in hopes that we even get one more person to do the same.
Seems like another “selling point” could be the opportunity to take at least a little bite out of the state debts with the penalties and fines.
all well and good here, but from the long line of legislation that was passed in order to make these financial matters possible, it is obvious that the government at the very least effectively told these institutions/people that they could do these things. the smoking gun being the bush admin blocking states attempts to crack down on predatory/fraudulent mortgage lending. whether the banks requested these things or the gov encouraged them in order to provide the means to continue the existing monetary system is a question that is both unknowable to outsiders and irrelevant.
if the extent of your willingness to protest is to sign a form, put a bumper sticker on your car or likewise perfunctory display, then just forget it. the people in egypt should be fair demonstration of the ineffectiveness of asking.
as for principal mods, why is it that the people most responsible during this entire fiasco, ie those who did not commit fraud or get suckered into a fraudulent deal are the ones most hurt by the suggested outcomes? somehow, not being a scumbag or an idiot is a detriment. that pretty much sums up the ‘economy’.
ONLY IN AMERICA!!