BREAKING NEWS: It’s the eleventh hour and the White House is about to strike a deal with big banks.
President Obama wants to be able to point to a big bank foreclosure settlement in Tuesday’s State of the Union as a measure of progress towards more Wall Street accountability. But the deal on the table is appalling, especially when compared to 2011 big bank bonuses.
Proposed total restitution for the millions of Americans who lost their home due to illegal foreclosure tactics: $20 billion.1
2011 big bank bonuses: $144 billion.2
Something is very wrong with this picture.
$20 billion is only a fraction of what is needed to reduce principal balances on millions of underwater homes; it is shameless that the White House isn’t demanding more money for principal reduction from the same big banks that crashed the economy.
Right now big banks are sitting on an unprecedented mountain of cash: over $1.6 trillion. According to The New Bottom Line’s Pulling Back the Curtain report, big banks are set to award $144 billion in bonuses and compensation for 2011. The money is there.
We need the President to make sure Americans get back to work and keep their homes, not pad the pockets of the wealthiest Americans. He can do this by launching a full investigation of Wall Street, not just letting big banks off with the current sweetheart deal that is on the table.
Call the White House today and demand that any settlement with big banks:
Call the White House at (202) 456-1111
Call Obama for America at (312) 698-3670
Here’s an example of what you can say when you call:
“Hi, my name is ________, and I am calling from [STATE]. I’m calling to ask President Obama to stand up for homeowners and hold Wall Street accountable. There must be a full investigation into the big banks before any settlement is reached. And any settlement must include at least $300 billion worth of principal reduction for underwater homeowners.”
Ian, Tracy, Ilana, and The New Bottom Line coalition
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@ eric
when they line you up for slaughter and you follow like the good little sheeple you are; you win; you get to be the first in their line to the slaughter house
too bad you were neve taught to think and fact find on your own; always being the good follower without questioning can sometimes take you down a road you were best not to go
It was a very well orchestrated plan and for without the funding and falsely inflated property values could never have been successful to the extent it was
You have received your gold star for the day by serving as a mouthpiece for the enemies of the 99% and you can now have your snack of graham crackers and milk, find your blanky and take your nap while the rest of us try to get our country back
I am so thankful we can find humor in this madness
When was the last time you “citizens” paid your mortgages????? 2006, 2007????? It’s unbelievable how 3/4 of these homes that are foreclosued on – are in result of these “citizens” who have been living in the house and have not paid a single dime in YEARS!! They should be foreclosed upon.
The companies do not have money for attorneys? Probably! Because their customers aka “citizens” are not paying their mortgages. These “citizens” are in over their head, bought houses they “thought” they could afford and need to pack up and get OUT!
@eric LOL dude please do not spew, the chatters here are professionals, with years of the finest practice money can not buy, your point has been addressed hundreds of times to no avail, none. The issue is not weather the borrower borrowed or owe, its who? its that simple, the companies who loaned the money do not exist, and they died with no will, the courts are in a struggle to figure it out, moreover they have swept the issue below the rug, when able, but as the months go on its getting a tad more difficult to hide the Elephant, the issue is the Elephant did a big stinky siht, and no one wants to clean the stuff up, we are fighting to decide who owns that big smelly Elephant, thus far not a mother is claiming to own the animal, and it is shitting again, LOL, did you get it yet?
Listen, please go back to bed, we will let you know when the day breaks, but please note that we have come to see that the bankster has no financial morality, and we the homeowners aint got none either. Please do not spew here, we are just living in peace, while we can.
Mario…truth is the U.S. TAXPAYERS WERE DELIVERED THE BIG STINKY ELEPHANT AND ITS $700 TRILLION TON PILE OF STINKY ROTTEN MORTGAGE FRAUD DERIVATIVES DEBT PILE OF EXCRIMENT…….AND WE REF– USE TO ACCEPT WALL STREETS $700 TRILLION DOLLAR PILE OF MORTGAGE FRAUD DEBT EXCRIMENT…WE WANT WALL STREET TO EAT IT!!!
Hey ERIC…TELL YOUR WALL STREET OWNERS WE KNOW THE TRUTH DOWN HERE ON MAINSTREET….WALL STREET ARE THE DEADBEATS WHO CANT PAY THEIR FUCKING BILLS….AND THEY ARE INSOLVENT BECA– USE THEY OWE LIKE A QUADRILLIION DOLLARS IN DERIVATIVES FRAUD …..YEAH…WALL STREET SOLD THEIR INVESTORS WHAT AMOUNTS TO AN EMPTY BAG….OF ZERO……AND WANT THE U.S. TAXPAYERS TO PAY FOR IT!!! YOU AND YOUR WALL STREET OWNERS BELONG IN FUCKING PRISON FOR LIFE….! TRYING TO MAKE PEOPLE BELIEVE THE BIG LIE… THAT WE CA– USED THIS MANUFACTURED CRISIS….I HOPE YOU KNOW YOU WILL ALL BURN IN HELL FOR WHAT YOU DID…
BTW..ERIC…ONLY 20% OF THE LOANS WERE LIARS LOANS….THE LIARS LOANS DID NOT CA– USE THIS……WALL STREET OVERSELLING INTERESTS IN THE NOTES TO INVESTORS….WITH NO COLLATERAL BACKING UP THOSE SALES…..HUNDREDS OF TIMES PER NOTE…..AN ATTORNEY FOUND OUT INTERESTS IN HIS CLIENTS NOTE WERE SOLD….607 TIMES….THAT IS WHY WALL STREETS DEBT IS INSOLVENT….AND CAN NEVER BE REPAID….THEY OWE THE U.S. TAXPAYERS HUNDREDS OF TRILLIONS BECA– USE OF THEIR EXPONENTIAL MORTGAGE FRAUD…YOU ARE A JOKE ..
ERIC…WE ARE CITIZENS OF THE UNITED STATES OF AMERICA…NOT CITIZENS OF WALL STREETS $700 TRILLION DOLLAR MORTGAGE FRAUD DEBT ENSLAVEMENT……YOU DONT HAVE TO BE A MATHEMATICAL GENIUS TO DO THE MATH……..WALL STREET OWES $700 TRILLION DOLLARS IN MORTGAGE DETIVATIVES FRAUD (MORE THAN THE ROTHSCHILDS ARE WORTH)…THERE IS AROUND 8. TRILLION DOLLARS IN REAL ESTATE PROPERTY IN AMERICA.SO I THINK THAT MEANS THE BANKS ARE INSOLVENT AND..WALL STREETS DEBT IS UNSUSTAINABLE…YOU CAN ALL CRAM IT ERIC..!
Just one more thing Eric…Satan doesn’t give a rats ass about you …..Satan doesnt give a damn about Obama or any of his buddies like Holder,Rahm Emanuel, or the top of this sick pyramid of shame…He only uses everyone that he can to achieve his evil plans for mankind and his promises are empty…like all of those Wall Street investments that he sells..Satan peddles nothing but lies and deception…and all of Satans promises really end up being nothing in the end…
LOL, I just recieved a call from someone who wants to “restucture my loan”. The guy had a deffinate N.Y. accent and guess what, only $595.00 a month to “help” me!!!!! I told him to kiss my ass. I have a feeling somethings coming down the pike!!!!!!!!! Watch Obama pull a rabbit out of his ass for votes tonight on the Stae of the Union. He can kiss my ass too. TOO little, TOO late!!!!!!!!
I refuse to let scum kiss my ass
Ali…they will try anything right now to get us to establish a new debt..there is no fix for the massive debt of Wall Street..their debt is too massive to ever be repaid…Obama knows damned well that is the truth..Their house of cards is going to come down..The plan is to bankrupt the people first so they can usher in their totalitarian NEW WORLD ORDER to fix the problems they intentionally created…We The People must reject any of their fixes….! The people must stop paying for their own demise…! NEVER ACCEPT A GLOBAL CURRENCY…..OR A GLOBAL GOLD STANDARD…! WE NEED OUR OWN CURRENCY BACKED BY NATURAL RESOURCE REVENUE….AND STATE RUN BANKS….ABOLISH THE FED!!
THE GLOBALIST TYRANNY CAN GO TO HELL…AMERICA IS A SOVEREIGN NATION AND WE LIVE UNDER THE U.S. CONSTITUTION! WE WILL NEVER ACCEPT YOUR DEBT SLAVERY OR THE DEBT OF YOUR PERPS..AND YOU DONT OWN SHIT…YOU ARE THE RENTERS BECA– USE OF AMERICAN PROTECTIONISM……AKA U.S. PROPERTY LAW….YOU NEVER OWNED OUR HOMES…YOU INVESTED IN THE REVENUE FLOW….NOT THE OWNERSHIP OF OUR HOMES…YOU GOT PUNKED!
You got punked..by your own perps you dumb F#¢ks!
That is what is really being covered up…The NWO really invested in nothing at all…you got the big red white and blue jammed up your asses by your own perps..! Shame you created such GREEDY BASTARDS!
You can buy Israel, but you cant buy America..! NICE TRY..YOU GREEDY BASTARDS…!
Rt news reporting the MOSSAD threatening to take out Obama for not licking Israel’s ass..!
Please watch the you tube video entitled: David Icke talks about Rothschild Zionism:
Listen up, all of you deceivers of mankind.. ! Make no mistake, this time we know who you are and what you have done..You can no longer hide behind the scenes of the poverty, debt, death and destruction that you cause…! We are legion, we do not forgive…We do not forget…
Still think Obama is the problem? RT NEWS reported last night that the MOSSAD wants Obama assassinated for not cooperating with ISRAEL in starting a war with Iran…GOOGLE THOSE WORDS…! WATCH THE ABOVE POSTED YOU TUBE VIDEO BY DAVID ICKE ENTITLED ROTHSCHILD ZIONISM…IT IS THE TRAITORS FROM WITHIN WHO ARE THE BIGGEST THREAT TO OUR NATIONAL SOVEREIGNTY!!!
HERES THE TRUTH FOLKS!…WHAT THEY WANT TO HIDE FROM ALL OF US!! THE VIDEO IS POSTED RIGHT ABOVE THIS COMMENT!
JUST ABOVE THE ROTHSCHILD ZIONISTS..HIDING BEHIND THE SCENES OF EVERYTHING ARE THE SMOM/VATICAN/JESUITS…GO TO YOU TUBE AND SEARCH FOR THE VIDEOS ABOUT THE SMOM/VATICAN/JESUITS AND THE BLACK POPE…GOOGLE THE ALDOBRANDINIS…WHO ARE ABOVE THE ROTHSCHILD DYNASTY…
THE EXACT AMOUNT OF THE SMOM/VATICAN/JESUIT WEALTH IS SO VAST…IT CANNOT EVEN BE DETERMINED…!!!
Tell the White House there is no legal or monetary fix on the planet for $1.2 QUADRILLION dollIars in WALL STREET FRAUD….IT IS UNSUSTAINABLE DEBT FRAUD…..SHUT THE BANKS DOWN…CLEAR TITLE TO ALL HOMEOWNERS..! GIVE BACK THE STOLEN HOMES AND BUSINESSES….WALL STREETS DEBT IS INSUSTAINABLE! The only fix for all of the fraud is make WALL STREET EAT IT…AND SHUT THEM DOWN..!
Okay, or the Occupation should shut down the whole darn country or the whole global financial system for that matter
I agree Mario…either we revolt on everything or we all accept Wall Street and the Federal Reserve/GOVERNMENT(S) DEBT SLAVERY…..THIS IS WHAT FASCISM LOOKS LIKE!..and a TOTALITARIAN DICTATORSHIP IS NEXT……THERE IS NO “FIX” FOR WALL STREETS MASSIVE FRAUD DEBT!…..THE GOLD STANDARD WILL NOT FIX THIS EITHER….THERE IS NO AMOUNT OF RESTRUCTURING THAT CAN FIX IT….THERE IS NO WAY FOR WALL STREET TO EVER REPAY THEIR MASSIVE DEBTS!!!! WE NEED STATE BANKS AND OUR OWN CURRENCY BACKED BY NATURAL RESOURCES….LIKE NATURAL GAS AND ELE TRICITY….OUR OWN RESOURCES….NOT CURRENCY BACKED BY DEBT CREATED FROM FRAUD AND WAR!!!…THAT IS SLAVERY !!!!
I have called Obama, the rep told me i have voiced what many other people have been saying. your cannot even get thru to the White House it is busy. I hope this is a good sign. I still want to believe that people can make a difference and stilll be heard.
How wonderful it felt to call and voice my opinion on this subject! We are in very difficult times, but I want to say one thing…2 years ago, I was, I had, almost lost my motivation to do anything because no one was listening! I was evicted from my home over 1 year ago and still have not gotten any of my personal possesions back(not even a pair of underwear). But, I can say today, I am the strongest I have ever been in my life! Take away my personal possessions, take away the roof over my head, but you will never take away my soul! Fight this fight and don’t ever give up, because you are not just fighting for yourselves, you are fighting for everyone else down the line who will inevitably be affected by this gross mis-justice of the United States Constitution! Forever Fighting! //s// The Last of the Last of the Mohicans.
are you sure we want the government to settle this issue? I think that we need the courts to follow the black letter law, we can do this on our own, if they followed their or our laws, which are already on the books and have been there for many years.
okay so I did it, do you think he will do anything about this?
I have e-mailed and called all of the politicians countless times….nothing changes….WHY??? They are all bank owned!
I called and recommended Obama commence with the process of his resignation. He can tour the world and give high priced speeches on how he let financial criminals walk free during the greatest ongoing heist in US History.
Right on Geoff…! Obama has no loyalty to the American people…the moneyed elite who robbed us via their Wall Street perps and left us with the bill for all of their perps fraud… bought his presidency and they own him…!…His entire administration is Wall Street owned and operated….same with Congress…and if we dissent..NDAA and U.N. Black ops are hovering overhead trying to threaten us……This was the biggest financial coup de tat by the moneyed elite in history….YOU TUBE SEARCH THE FACES OF THE ELITE…THE REAL CRIMINALS ARE ALL BEING EXPOSED.
Calling the Rapist, to report the Rape, seems without Point!
The politicians all need to be evicted to gitmo……Obama and his entire administrstion have no business sitting in the peoples house and ruling America as if this were a dictatorship! Obama can shove his State of the Union with WALL STREET address……!!
Obama has done nothing but parade one Wall Street fat cat in and out of his administration after another…he is as arrogant as they come..!
The banks are insolvent…they owe $700 trillion in collateral mortgage fraud..shut them down…! They are bankrupting the American people!
@Katheryn:
You should cut and paste your message and put it in everything you can read – Huffington Post, White House, NY Times, WSJ (Wall Street Journal), Ratigan – just grab any and all emails and send it – getting the message out is the first step – I will copy and send anywhere I feel has a ‘trough of readers’ – PA is behind a lot of stuff and nothing is being done in the state of PA – a handful of County Recorder’s have filed MERS lawsuits – but other than that and John Narkin, nobody is doing a doggone thing in PA – if Santorum were really interested in his roots – he’d be on this issue in this article like a bat out of h—. . . frankly the first candidate to step up to this plate will garner the votes in this country – they should all be looking at this because this one issue alone is the ticket to our votes . . .
@ papergate
I’ve composed a 4 page letter to Scott Pelley at 60 minutes. I have emailed the AG’s, and I am still comtemplating where else. Huffington was a great suggestion as well as Ratigan. What is the most personally offense is the fact that they feel they can intimidate me and gag order me just by their say so. I did not do anything but to follow up on what one of their attorneys mailed to me. Then to fire the notary because someone inquires about a document is unbelievable. I’m am tired of their intimidation tactics and refuse to let them deny me my constitutional rights.
I just emailed this to the AGs who were holding out: Proves BoA hasn’t changed the way they do business one iota. If you read this and have any more information, please let me know.
Dear Attorney General Schneiderman,
Please do not let this settlement take place. I will keep this as short as possible, however, Bank of America, NA/BAC have continued to process documents and foreclosures all over the country from a location at 150 Allegheny Mall, Pittsburgh, PA 15212. I am in litigation with Bank of America/BAC Home Loans currently and I stumbled upon this operation during my process of checking on what I thought to be a bogus assignment of my mortgage. Within 24 hours of a phone call to this office, I was sent a formal letter directing me to immediately cease any and all contacts with anyone to do with Bank of America/BAC. Basically, they are ordering a “gag” on me without a court order. I thought I was still living in America? Obviously, I touched on a nerve as quickly as they took action. I had also emailed the notary who notarized the document and asked him to please tell me what form of identification was used for Mr. Ryan R. Krane, AVP and attorney–in-fact, Bank of America, who had executed this assignment. Several emails ensued from there but the short of it is that the notary had been working through a temp. employment agency, at this location for Bank of America. The notary, Mr. Kenneth Kearney, did email his supervisor to ask how he should handle my inquiry. The next thing he knew, he received a call from the temp agency stating the Mr. Kearney was immediately terminated by Bank of America. When he attempted to find out what the heck was going on he was told his termination was based on him potentially giving me information. Needless to say, he had not provided any information to me at that point. After several attempts and calls to demand a reason for his termination, because he had not given me any information, he was very upset. He did then provide me with copies of the notarial log. In addition he told me that this PA location employees either directly or through contract 300-500 assistant vice presidents and attorneys-in-fact, to do nothing but sign off on foreclosure and other mortgage documents. I am one little pro se peon, who has been unable to find an attorney willing to help in my fight with these criminals. In the last year I have had to fend off four different law firms all attacking me, even when they have an attorney of record with whom I am suppose to deal with. I feel that their, in essence, gag order has come very close, if not, trampled my basic rights. When I filed a Motion to Compel Discovery, I was asked to withdraw my Motion. I refused and I was then told by their attorney that my motion had “publically” defamed them and that they were not going to take that lightly and were determining what options they would use against me. I apologize for the diversion, but this company needs to be prosecuted. They agreed in the government suit against them, by mutual consent, to service loans and foreclosures in accordance with laws. This robo-signing process center in PA even mandates a number of foreclosures that are processed each day. Mr. Kearney told me that the bank has so many different entities, ie: Bank of America, Bank of America, NA, Bank of America Merrill Lynch, Bank of America Corp., Bank of America/BAC, and many of the doc signors have no clue nor do their supervisors to which BoA subsidiary should be on the doc. they are preparing and signing. This is truly outrageous…Please stop these bandits. Citizens must obey the law and so must corporations.
Sweetie, don’t feel so bad. I too have been fighting this up hill battle alone Well not withou (fraudclosure.org or the Hamlet). I ve been theatened with lawsuits from some of the title companies!!!! In addition I ve been told to not ever call again. MY reply? I will call anyone I want , anytime I want, anf to go F$$k themselves. They are not gonna start anyshit right now, they are too buzy trying to defend themselfs with people who can afford good defense ATT.Y’y. I hope you have gotten your records from the Recorders office cause thats where the action is these days. Transfering shit outta MERS and and to the pretender lenders. Remember once your loan has been securitized, it can’t be undone and these pigs (BOA) are only debt collectors. They can’t afford ATTY’s to go after people who’s loans are worth less then then their house is worth, I think they said pennies on the dollar, and also fight all the lawsuits that have benn filed. Futhermore the people who own these trusts don’t want to pay taxes and eschows. The Govmt can’t run the Post Office, they can’t and won’t be landlords!!! So forget about you renting your own house. Just remember its all a sham and they are in it to intimidate you and scare you, they have already done that to me and now I’m inoculated. Screw them. I wish they would bring it on. Oh and watch for Obama to pull arabbit out his ass on his State of the Union address tonight. All for votes. But you know what none of the republican candidates are even talking about it. How stupid, especially with the next primary in FLA..
When was the last time you “citizens” paid your mortgages????? 2006, 2007????? It’s unbelievable how 3/4 of these homes that are foreclosued on – are in result of these “citizens” who have been living in the house and have not paid a single dime in YEARS!! They should be foreclosed upon.
The companies do not have money for attorneys? Probably! Because their customers aka “citizens” are not paying their mortgages. These “citizens” are in over their head, bought houses they “thought” they could afford and need to pack up and get OUT!