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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bmaz @william_pitts Also, it was Mike that told me to follow you, so you can blame him....
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bmaz @william_pitts ...was insane. Anyway, hope to meet you at some point. Cheers.
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bmaz @william_pitts No, me either. I couldn't even respond to him during his Arias live coverage because the dung that then came into my timeline
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bmaz @william_pitts I've seen what Kiefer runs into. Brutal.
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bmaz @william_pitts also, frankly, you and I probably don't know each other well enough for me to have snarked at you like I did. That's my bad.
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bmaz @william_pitts Jeebus, there are other prickly cacti out there??
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bmaz @william_pitts Hey, even if there was no mistake, that is cool. I make snarky comments, I ought take them too. But I do like your work fwiw.
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bmaz @william_pitts Err, that should read "your work"
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bmaz @william_pitts I do appreciate your coverage+view. If you are such a tender little mercy, you ought wake up. Let work work stand up, it does
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bmaz @william_pitts It's stupefying that this is your response to somebody who has appreciated your coverage. Don't be a holier than thou jerk.
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bmaz @kjzzphoenix @yvonnewingett Really, y'all are going to fall for Mel McDonald's hand crafted hasty spin? Do you not know Mel? Don't be rooks.
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bmaz It strikes me as beyond stupefying any reporter who deigns to be from a "real" news source yaks about Kanye/Kim West https://t.co/Y5aRVEHHWN
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