[GPSCC-chat] Iowa may bring criminal charges in foreclosures scandal

[Spencer Graves]

Hello:


       Please see the excerpt and web link below regarding possible 
criminal prosecutions in the robo-signing scandal.  If we act 
appropriately to support coalitions on this issue, I believe this issue 
could decimate both the Republican and Democratic parties.


       What do you think about trying to work with MoveOn and other 
groups to help organize a national (and maybe international) campaign to 
pressure prosecutors to seriously investigate "banking irregularities" 
such as the robo-signing scandal.  The "robo-signers" reportedly signed 
documents whereby they swore "under penalty of perjury" that certain 
procedures had been followed that clearly had not been followed.  Per 
Wikipedia, perjury is a felony punishable by up to 5 years in prison.  I 
sympathize with the low level banking employees who signed those 
documents, but I also sympathize with the individual home owners who are 
being deprived of their homes, illegally it now appears.  The 
investigations should NOT stop with the low level bank employees who 
signed those documents:  It should also extend all the way up the 
management chain right to the senior executives, who awarded themselves 
millions of taxpayer dollars for successfully stampeding the politicians 
into massive corporate welfare, because evidently, the middle managers 
and senior executives conspired to commit thousands of cases of 
perjury.  Ignorance of the law is no excuse:  Whether they did or not, 
they should have known that they were pushing low level employees, under 
threat of losing their jobs or at least missing the next pay raise and 
promotion, to commit perjury.


       Similarly, I believe this movement should demand that prosecutors 
similarly investigate conspiracy to defraud the public when they 
encouraged loan applicants to lie in their applications for what are now 
called "Liars' loans":  Such actions by banking executives constituted 
conspiracy to commit fraud at a level that amounted to grand larceny of 
trillions of dollars world wide, forcing millions of people in the US to 
lose their jobs, their homes, their dreams of providing a college 
education for their children, etc.  By comparison, grand theft auto is 
minor.


       By Kay Henderson
DES MOINES, Iowa | Tue Dec 14, 2010 6:34pm EST
(Reuters) - Iowa's attorney general, who is leading a nationwide probe 
of questionable home foreclosures, met with struggling homeowners on 
Tuesday and said he may bring criminal charges in his state.

http://www.reuters.com/article/idUSTRE6BD6JT20101214



       Comments?
       Spencer

-- 
Spencer Graves, PE, PhD
President and Chief Operating Officer
Structure Inspection and Monitoring, Inc.
751 Emerson Ct.
San José, CA 95126
ph:  408-655-4567