BREAKING: Hundreds of underwater homeowners and allies marched on the DOJ in D.C. yesterday and set up an occupation to demand the banks be held accountable for their crimes during the financial crash of 2008!
Dozens have been arrested, ten this morning. Some are being held because they refuse to give their real names and have given names of bankers instead. The police are threatening to clear the tent city occupation later this morning AM. A rally is scheduled tonight for 5:30 PM in front of the DOJ.
Too Big to Fail, Too Big to Jail?
Millions of underwater homeowners have paid the price for Wall Street's crimes. From mortgage fraud to predatory lending, it's time to put bankers in jail.
Join Occupy Homes, dozens of underwater homeowners, and hundreds of allies from across the country as we take action and risk arrest at the Department of Justice.
Five years after Wall Street crashed the economy, not one banker has been prosecuted for the reckless and fraudulent practices that cost millions of Americans their jobs, threw our cities and schools into crisis, and left families and communities ravaged by a foreclosure crisis and epidemic of underwater mortgages.
Record profits are back at the bailed-out banks. Meanwhile:
- Homeowners and communities have lost billions to Wall Street’s foreclosure crisis;
- Millions more families face foreclosure in the coming months;
- Communities of color have been impacted the most.
This March, U.S. Attorney General Eric Holder, testifying before a U.S. Senate committee, admitted that big banks and their executives have escaped prosecution simply because they are too wealthy and powerful. "Too big to fail” banks are officially “too big to jail."
The time is now for Congress and the Obama administration to make Wall Street pay us back:
- Prosecute Wall Street bankers for stealing our homes, savings and livelihoods;
- End the foreclosure crisis;
- Reset mortgages to their current value (“principal reduction”);
- Restore and rebuild wealth stolen from communities of color hardest hit.
Since the crisis began, Americans from all walks of life have banded together to help each other. Working through community organizations, civil rights groups, the Occupy movement, and community and faith leaders, we have shared our stories, lobbied, petitioned, and even faced arrest for occupying our own homes and demanding justice.
During the Wall Street Accountability Week of Action in Washington, D.C., May 18-23, families on the front line of the foreclosure crisis will travel from around the country to Washington, D.C., to make their voices heard. The week will include community organizing, home-defense training, and non-violence and civil-disobedience training.
On Monday, May 20, at 1:00pm, home defenders, as well as faith and community leaders rallied to Bring Justice to Justice – demanding an end to the “too big to jail” policy, and relief for families and communities devastated by the financial crisis and foreclosure epidemic.