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.

 

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

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emptywheel Thought of marriage equality coming to SC gives me even more glee than marriage equality in UT, & used to live there. http://t.co/tdUSgTS2Zy
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emptywheel @natnicol Really, entire bar comes down to whether you can keep necessaries away from proctor isn't it? Hell I could pass that! @sarahjeong
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emptywheel @TyreJim If her Tor sticker were the one the NSA uses, with the hairy "terrorist" dude, that'd be lethal too. @sarahjeong
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emptywheel Bibi likely thinking to himself, "Ha! That windsurfer had to have a girl defend him."
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bmaz @carimachet @kevinjonheller But don't blow shit up my ass and tell me what and how to think on legal issues.
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emptywheel @sarahjeong Sure you will! YOu're missing the "National Security Agency Monitored Device" one, which is the real sticker of death. @TyreJim
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bmaz @carimachet @kevinjonheller Would IHL if applied properly make a difference? Along with other modalities, of course. Is it currently, no.
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bmaz @carimachet @kevinjonheller No, I will not argue your point because you are egregiously mischaracterizing what Kevin has opined.
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emptywheel @TyreJim Was thinking that myself. Going into the bar exam and not prepping to litigate the meaning of "excessive." @sarahjeong
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bmaz @carimachet @kevinjonheller I have known, seen and read Kevin for quite a while now and think you are terribly mistaken.
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bmaz @ryanjreilly Getting pretty close to every time now, albeit some a little more shaded than others.
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emptywheel @JasonLeopold To be fair, they ARE a bunch of liars, starting from the top. Question is are they lying THIS TIME?
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