Responding to public demands to prosecute the banks responsible for creating the financial crisis, President Obama announced on Tuesday a new financial irregularities task force
After months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis.
The slight dip in foreclosure rates in 2011 was not the beginning of a trend towards reversal of the mortgage crisis.
Take action, says Working America in response to reports that the Justice Department is nearing an agreement with several banks responsible for ripping off home owners by mortgage fraud.
The Bank of America, just before Christmas, agreed to pay a $335 million settlement on behalf of its Countrywide financial unit for steering Black and Latino homeowners toward sub-prime loans.
"Let's be clear - this isn't about the overwhelmingly qualified Richard Cordray, this is about the Republicans doing the banks bidding by standing with them against the 99 percent."
In 20 cities across America today hundreds of protesters disrupted foreclosure auctions, squatted in foreclosed homes and staged dramatic public showdowns against big banks and housing giants
Before dawn this morning, Nov. 14, police in riot gear moved in to evict Occupy Oakland campers from their tent city in a plaza in front of City Hall.
"It was a classic David-and-Goliath fight, fueled by the growing populist outrage against the nation's financial system."
Occupy Oakland's Nov. 2 mass day of action is gaining broad support from unions, community organizations and faith groups.