President Obama is on the brink of cutting a backroom deal that would give bankers broad immunity for illegally throwing tens of thousands of Americans out of their homes. The Administration is pressuring state attorneys general to abandon an ongoing investigation into the massive “robo-signing” fraud, in exchange for a relatively small payoff by the banks.
To help expose the looming cash-for-immunity deal between the Obama administration and big banks, there will be a march from Liberty Square to the U.S. Court House Building at Foley Square on November 5th.
The march will gather at 2:00pm on the east side steps at Liberty Square (Zuccotti Park), and will arrive at Foley Square at 3:00pm. Join the Facebook event page
Numerous investigations by state and federal authorities have demonstrated that banks used illegal procedures to make tens of thousands of foreclosures over the past decade. Rushing to a settlement before the full extent of the fraud is known would be a grave injustice to those who were illegally foreclosed upon and those still struggling to stay in their homes.
“This is a clear, moral issue that cuts to the core of why we occupy,” said Max Berger, an Occupy Wall Street participant helping to plan the event. “Instead of throwing corrupt bankers in jail, the administration is pushing to give them a get-out-of jail-free card.”
“President Obama and the attorneys general have a choice: do they stand with Wall Street, or do they stand with the 99%?” he said.
The Occupy movement has spread throughout the country because the American people will no longer stand by while corporate and government elites strike back room deals to sell out the 99%. On a day when tens of thousands across America will take their money out of big banks, Occupy Wall Street will hold the political class accountable for doing Wall Street’s bidding.
“We will not stand for a system that gives campaign contributors a right to immunity, while serving foreclosure papers to the 99%,” said Beth Bogart, a volunteer with Occupy Wall Street. “We will not stand for a country where bankers that issued deadly mortgage-backed securities are bailed out, but homeowners with mortgages are illegally thrown out on the street.”
At New York’s Foley Square, the Occupy movement will stand with those on the front lines of the economic collapse in their struggle against the banks and the politicians who do the banks’ bidding. We will join in solidarity with those who have lost their homes to Wall Street greed and political corruption.
We won’t let Obama get away with being Wall Street’s puppet.