For Immediate Release
Occupy Wall Street to Obama: Don't Be Big Banks' Puppet; No Immunity Deal for Crooks
WASHINGTON - 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.
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.
“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.”
Occupy Wall Street is a people-powered movement that began on September 17, 2011 in Liberty Square in Manhattan’s Financial District, and has spread to more than 100 cities in the United States and actions in over 1,500 cities globally. For more visit http://occupywallst.org