Iowa AG Miller to Hear Demands for Criminal Prosecutions, Loan Modifications

Hundreds of Iowans meeting Tom Miller to Demand a Strong National Settlement in the Foreclosure-gate Investigation

Des Moines, IA – Following their December 14th meeting with Iowa Attorney General Tom Miller, who is leading the 50-state investigation of the “foreclosure-gate” scandal, over 250 members of Iowa CCI will meet with him again on Tuesday to continue the push for a settlement that will help millions of Americans stay in their homes.  They are also expecting a commitment to press criminal charges against bank officials where evidence of fraud and criminal wrongdoing is found.   Iowa CCI is part of a coalition of community groups across the country fighting to end the foreclosure crisis.

“Any settlement that does not prevent millions of foreclosures and does not treat criminals like criminals will be seen as a failure by Iowans and by America,” says Mike McCarthy of Des Moines.

WHO:  Hundreds of homeowners, family farmers and community leaders from across Iowa

WHEN: Tuesday, January 25, 2:15 pm (CST)

WHERE: Wallace Building, 502 E. 9th Street, Des Moines, IA

WHY:  Foreclosure victims need a meaningful settlement in the foreclosure-gate investigation, which could provide real relief to homeowners in Iowa and across the country where communities have been rocked by foreclosures since Wall Street and the Big Banks crashed our economy.  A strong settlement will require banks to dramatically increase the number of loan modifications they are doing; include principal reduction as a first line tool before any foreclosure proceeding is initiated; and include remedies for homeowners who have already lost their homes unlawfully.

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The meeting with Tom Miller is part of a national effort organized by PICO National Network, National People’s Action, SEIU, Alliance of Californians for Community Empowerment, Alliance for a Just Society, and IAF Southeast.   For more information, visitwww.bankingonaneweconomy.org and www.showdowninamerica.org

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