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 RT @DanCBarr: Well done story by @BrittanyBade_AZ of @cronkitenews on SB 1172, which seeks to limit teachers' speech rights. http://t.co/xv
5hreplyretweetfavorite
bmaz @WilliamOckhamTx Sure is. Dick is one hell of a lawyer.
7hreplyretweetfavorite
bmaz Has @Popehat escaped the singathon yet?
7hreplyretweetfavorite
bmaz RT @radleybalko: Obama has said he believes federal drug sentences are inhumane. So 22 commutations--of 1000s--isn't courageous. It's polit…
7hreplyretweetfavorite
emptywheel RT @ChrisDolmetsch: #scoopage by @ChristieSmythe HSBC Wins Dismissal of New York Foreclosure Practice Suit http://t.co/V69H0dIgd9
7hreplyretweetfavorite
emptywheel @moorehn We're having spring with the added benefit that, precipitation restarted, it appears to be behaving and precipping at night.
8hreplyretweetfavorite
bmaz Durst arrest warrant should be 'thrown out,' attys say http://t.co/jw5qdOhd26 Wow, if these facts are right, DeGuerin's motion may have legs
8hreplyretweetfavorite
emptywheel @DafnaLinzer And not even including Scooter Libby @BarackObama
8hreplyretweetfavorite
emptywheel @phillipanderson If we're the "Democratic" party can we demand less formulaic consultants?
8hreplyretweetfavorite
emptywheel @flexlibris That might be my favorite detail of the day. Especially bc LM recipients are always big surveillance fans.
8hreplyretweetfavorite
emptywheel RT @flexlibris: Meanwhile, Lockheed Martin is managing the "contact me" pages of a number of members of Congress. That's right.
8hreplyretweetfavorite
emptywheel @OKnox Saudis have quidded their pro I suspect. @GerardAraud
9hreplyretweetfavorite
February 2012
S M T W T F S
« Jan   Mar »
 1234
567891011
12131415161718
19202122232425
26272829