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 @TyreJim @emptywheel @ddayen Which different than all the "thought pieces" about "Constitutional Scholar" Obama being installed on SCOTUS?
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bmaz RT @sarahemclaugh: reminder that you suspended a student because someone tagged him in a facebook post you disliked https://t.co/J7UITGNiHV
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bmaz @emptywheel @ddayen Hahahaha. Yer both cracking me up. What is this word "prosecute" y'all are using?
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emptywheel RT @Ali_Gharib: #ff @EliClifton, who's done such outstanding investigative work on shady anti-#Iran group @UANI that they blocked him http:…
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JimWhiteGNV RT @Ali_Gharib: #ff @EliClifton, who's done such outstanding investigative work on shady anti-#Iran group @UANI that they blocked him http:…
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emptywheel @DaveedGR Thanks. But nothing in Arabic? I've also wondered: Has KSA beheaded any of the ISIS sympathizers they've detained in SA?
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emptywheel @DaveedGR If it's in English, who's the audience?
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JimWhiteGNV @emptywheel Yeah. That Wendy's that took the hit is only about four miles from the house. Busiest commercial area in town.
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emptywheel @flexlibris In the pic it LOOKS like a mole. So maybe you don't even need to do that.
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emptywheel @JimWhiteGNV Was wondering what that body of water was but realize now it's a road.
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emptywheel .@CorinneAM By all means he should have the opportunity to profit off of not prosecuting banksters, just like Lanny Breuer.
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JimWhiteGNV Holy cow. This is Gainesville yesterday during all that lightning. http://t.co/cqw3BRMFH2
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