Press Release | Occupy Wall Street to Obama: Don’t Be Big Banks’ Puppet; No Immunity Deal for Crooks

November 4, 2011

For Immediate Release

Contact: Max Berger, OWS Press Working Group

Occupy Wall Street to Obama: Don’t Be Big Banks’ Puppet; No Immunity Deal for Crooks

To help expose the looming cash-for-immunity deal between the Obama administration and big banks, Occupy Wall Street on Saturday, November 5 will march from Liberty Square to the U.S. Court House Building at Foley Square.

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.

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.

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.

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Occupy Wall Street to Obama: Don’t Be Big Banks’ Puppet

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 undermine an ongoing investigation into the massive “robosigning” fraud, in exchange for a payoff by the banks.

This is a clear, moral issue that cuts to the core of why we occupy. 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%?

The occupy movement spread throughout the country because the American people will no longer stand for the corrupt bargain between corporate and government elites.

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.

We will not stand for a system that gives campaign contributors a right to immunity, but doesn’t give people the right to a home.

We will not stand for a country where the 1% rule and the 99% have no voice.

We will not stand for President Obama acting as Wall Street’s puppet.

On Saturday, November 5th, Occupy Wall Street is marching from Liberty Plaza to the United States Court House at Foley Square to stand against this bankrupt deal.  On November 5th, tens of thousands will move their money from the big banks to protest their corruption.  We call on fellow occupiers across the country to join us in protest against the big banks and their political allies.

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.

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4closureFraud.org

Comments
6 Responses to “Press Release | Occupy Wall Street to Obama: Don’t Be Big Banks’ Puppet; No Immunity Deal for Crooks”
  1. talktotennessee says:

    I think we are dealing with Washington wanting to cut a deal between AGs, bankers and Wall Street on both sides of the aisle to make the issue go away. That viewpoint is as shortsighted as the same de-regulation thinking that got us in this mess in the beginning. Both parties are in the financial industry’s pocket. I too voted for Obama and Change because I thought he was unlike the Republican party and their agenda, which is completely plutocratic or in the corporate pocketbook. So even if you don’t like Obama and the Democrats, what is waiting with a Herman Cain, Mitt Romney or Rick Perry is not just more of the same folks, it is out of the fat into the fire! These people are totally Wall Street clones wanting to sidestep the will of the people after they are elected. We need OCCUPY to step up with leaders that are on the side of the people to make permanent change. In the meantime, put pressure on Obama and Company to not sell out, to hold the line. We need this influence and the Credo petition to gather thousands to send a message through Occupy and our blogs that we refuse a sellout.
    Washington does not realize that to settle and give immunity would ruin housing, jobs and the future of homeowners for many many years, making it impossible to unravel the mess with the courts’ hands tied. It is truly a ‘spider to the fly’ enticement that the banks are wanting now! Even now, foreclosures are beginning to flow faster again in non-judicial states, an uptick in preparation for an AG deal. There will be weeping and moaning after the fact but not doing anying, something, everything, now to stop the settlement is not an option!
    Credo petition:
    I told President Obama not to sell us out to Wall Street, and I hope you will too. You can sign the petition at the link below.
    http://act.credoaction.com/campaign/obama_ws/?r_by=29865-3939775-Jjf_CJx&rc=confemail

  2. FElita says:

    If Obama goes against the Citizens and sides with the banks just as he did with the Health Insurance Companies when he removed Public Option off the table, time we all start assisting that No Name Republican Candidate running for President, and he supports the 99%. His name escapes me at this time

  3. leapfrog says:

    Oblablah is a dissapointment. A spineless shill for the banksters. What’s even more irritating is I was duped and voted for him. To quote A-Man on livinglies…”NEVER AGAIN.”

  4. Jeff Barnes says:

    The president has raised more money from employees of banks, hedge funds and private equity managers than any candidate. How do we tell a Puppet not to be a Puppet?

  5. Mario Kenny says:

    I want to go there so bad

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