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 Twitterverse
emptywheel Psychology (this time NOT peer reviewed) does work of oppression again, this time on cop shootings. http://t.co/buC95AiAzq
1mreplyretweetfavorite
emptywheel Solving this is easy. Just declare Ice Cream Month. https://t.co/o71v4Q34rm
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emptywheel @TeresaKopec Just as related example: Under Hillary State had no IG. Terrible problem. Deserves discussion.
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emptywheel @TeresaKopec What Hillary did has real accountability problems. That needs to be fair to talk about. So does State's practices under her.
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emptywheel @TeresaKopec OK. So maybe your arg should be "Front page journos=Hillary hate but I haven't read all coverage."
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emptywheel @TeresaKopec Again, you can argue SOME reporters are engaging in Hillary hating. But some are not. Ignoring reasons why is letting her off.
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emptywheel @TeresaKopec Josh Gerstein. Most Hill reporters. These people have spent years fighting State. Hillary doesn't now get a free pass.
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emptywheel @TeresaKopec NYT is ONE example of Hillary hatred. But there are many many many journos who are writing fr having had to do business w/State
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emptywheel @TeresaKopec I think it's way overclassified, but it is very serious issue that less powerful people go to prison for bringing home less.
21mreplyretweetfavorite
emptywheel @TeresaKopec Because that is what it would be if journos tried to get it via normal oversight.
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emptywheel @TeresaKopec Some of this is legitimately Hillary hate, some of it is deserved response for State's practices under Hillary.
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emptywheel @TeresaKopec Again, I just pointed out to your that Hilary's OWN State dept insisted such things were highly classified.
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