Senate Judiciary Committee: Closing the Barn Door after the Barn’s Been Foreclosed

Sometime this week, the long-awaited terms for the foreclosure settlement will be released, giving banks immunity for much of the fraud and forgery they committed in the course of taking homeowners’ houses.

Which makes the timing of this hearing the Senate Judiciary Committee just announced beyond absurd.

“Examining Lending Discrimination Practices and Foreclosure Abuses”

Senate Judiciary Committee
Full Committee

DATE: March 7, 2012

A better time for such a hearing might have been December 2010, just as the full extent of the robosigning was being exposed. In fact, that’s the second-to-last hearing John Conyers hadbefore Dems lost their House majority. Since that time, he has been imploring the Administration and the Attorneys General to do something substantive about foreclosure problems, even asking MI’s AG not to sign onto the settlement.

But next week!?!?! Just as the settlement will be enacted, making many of these issues (though reportedly not civil rights issues) moot?!?! Really?!?!

I mean, if the Judiciary Committee is going to hold a hearing in the immediate future, it’d be far better to hold a hearing considering what impact it will have on justice in this country to assign a $2,000 price tag to fabricating forged documents or engaging in other fraudulent activities before a court. Will judges ever be able to trust corporations in their courtrooms again? Will private citizens have access to this $2,000 Get Out of Jail Free card, or only Too Big to Fail institutions?

Alternately, act like the bankster-owned body the Senate is, and simply call a hearing to discuss whether having pension funds pay to buy immunity for the banks hurts corporations.

And then there’s the witness list: right now, just Civil Rights Division head Thomas Perez will testify. I’m all in favor of Thomas Perez in most any role–his work at Civil Rights has easily been the best part of DOJ under Obama. But aren’t there other people who might better address foreclosure abuses, even if the hearing just focuses on lending discrimination?

I mean, I’m all in favor of someone finally conducting oversight over the fraud going on in this country. But this hearing couldn’t be more badly timed.

 

Tweet about this on Twitter0Share on Reddit0Share on Facebook0Google+0Email to someone

9 Responses to Senate Judiciary Committee: Closing the Barn Door after the Barn’s Been Foreclosed

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
Emptywheel Twitterverse
bmaz @gabrielmalor @Popehat Aw jeez, you mean it can get worse than all the disingenuous howling by both sides for the last three months? Ugh.
20mreplyretweetfavorite
bmaz @yvonnewingett That is great work on that piece.
41mreplyretweetfavorite
bmaz As the River Runs Dry: The Southwest's water crisis http://t.co/IhX4vcQAQf via @azcentral This is a fantastic long form article.
42mreplyretweetfavorite
emptywheel @AliWatkins Problem is they're out of context, which is leading to more disinformation. Sigh.
43mreplyretweetfavorite
emptywheel @AliWatkins There are some new things. There are some things that are newly redacted. Outlines already known, but still a distraction.
43mreplyretweetfavorite
emptywheel @just_security Memo has LONG been available (redacted). You'd all have lot more credibility if someone who knew that doing this analysis.
1hreplyretweetfavorite
emptywheel @ThusBloggedA Hey, he admits he blabs abt stuff he hasn't read about. Why read those who have been writing abt this stuff?
1hreplyretweetfavorite
emptywheel Once again @DavidColeGtown reveals he hasn't done his homework. http://t.co/JYv8mFyCFA All known before. Many analyzed.
1hreplyretweetfavorite
emptywheel RT @RapSheet: The #Lions will not place the franchise tag on Ndamukong Suh
2hreplyretweetfavorite
emptywheel @Greene_DM That's why I raised Perez. Might be someone who makes everyone happy, tho see your point abt O'Malley.
2hreplyretweetfavorite
emptywheel Has anyone started the Thomas Perez for Senate recruitment drive yet? (Tho I'd be as happy to see Donna Edwards run)
2hreplyretweetfavorite
February 2012
S M T W T F S
« Jan   Mar »
 1234
567891011
12131415161718
19202122232425
26272829