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Take Action: Tell The President: Prosecute the Wall Street Bankers for Stealing Our Homes,Our Savings, and Our Livelihoods


US Politics & Gov't  (tags: petition, take action, sign the petition, president, second term, prosecute, wall street, bankers, recession, housing crisis, unemployment, poverty, retirement, pensions, hardship, Americans )

Brian
- 586 days ago - 100storiesofwhatwallstreetbroke.tumblr.com
The President's second term is his last chance to get justice for the millions of Americans whose homes, savings, pensions, and livelihoods were stolen by Wall Street Bankers. Please sign the petition.



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Comments

Sue H. (7)
Saturday February 9, 2013, 9:17 am
Noted and Absolutely signed, thanks.
 

Diane O. (148)
Saturday February 9, 2013, 12:40 pm
Millions of Americans were smart enough not to cash out all of their "inflated" equity by refinancing. Millions of Americans did not sign on the dotted line for a 110% mortgage. Millions of Americans knew this pie in the sky mortgage scheme was ugly and was not to be believed.

Personal responsibility Americans still have their homes today and are doing just fine.The subprime debacle started with democratic president Jimmy Carter and his "affirmative action" push for banks to "relax their lending practice" so that minorities could buy a home with little or no money down. Then Bill Clinton enhanced it.....all of this landed on GWB's watch and he had nothing to do with it. In fact, John McCain in early 2006 put forth the GSH Reform Bill to immediately regulate Fannie and Freddie and the all democratic congress headed by Dodd and Frank said, "The economy is just fine." The bill didn't pass.

The liberals have nowhere to turn on this and must face the facts. The subprime mortgage debacle belongs to the democrats. Take a bow.
 

monka blank (74)
Saturday February 9, 2013, 2:04 pm
signed & noted. What a lot of BS from Diane ! Luckilly there are Democrats, or it would be even worse.
 

Diane O. (148)
Saturday February 9, 2013, 5:55 pm
monika, do your research. If you will take the time to do your research you'll quickly learn that the subprime mortgage debacle started with a democratic president and was then enhanced by another democratic president. The banks were absolutely correct in having strict lending practices with 20% down on a mortgage and more dollars in their account to pay the closing costs as well as three month's mortgage payments. Owning a home in America is not a "right." Our democratic presidents changed the rules and that is why we are where we are today.
 

Diane O. (148)
Saturday February 9, 2013, 5:58 pm
There's really only one reason that I come out and post on the public forum on Care 2 and that is to deliver the truth to those Americans who either don't have time to do their own research or who are in overload on the biased left wing media news that only tells you what they want you to know. So, you may call it "BS" but what I'm offering you is the opportunity to do your own research so that YOU will know the truth.
 

Pami W. (206)
Saturday February 9, 2013, 6:20 pm
Monika you got that right, thanks.
Noted and signed thank you Brian!
 

Diane O. (148)
Saturday February 9, 2013, 6:40 pm
Keep drinking the Obama drink....and you will find your country reduced to third world status. If that is what you want for your country keep your blinders on. The grassroots Americans will save our country from all things Obama. Read his book "Dreams From My Father" and know who Obama is.....you owe it to yourselves to read his book.....in his own words....or Bill Ayers.....we never really know the truth with Obama until it's too late. I bought is books and I read them. The liberals need to spend a few dollars to get to know their president.
 

Diane O. (148)
Saturday February 9, 2013, 6:45 pm
Personally, I never ever would have taken out a subprime mortgage. I would have read in it's entirety the documents I was signing. This comes down to stupidity on one hand and personal responsibility "signing" on the other hand. So now the liberals want to blame predatory lending companies rather than expect intelligent Americans to know the difference. Always...."if it's too good to be true it probably is...." Who, in their right minds, would sign documents which stated clearly that their mortgage payments would sky rocket afer a one year arm? Who? Who signs documents like that? And now they want the government to fix it via the taxpayers. Breathtaking....my my how America has changed.
 

Serena Ciarrocchi (34)
Sunday February 10, 2013, 3:35 am
S&N ;)
 

Ro H. (0)
Sunday February 10, 2013, 6:57 am
ty
 

Robert K. (31)
Monday February 11, 2013, 6:53 am
God Diane. Thought we had heard the last of your ignorance. Nice thought about reading all the terms, but being written in financial legalese that even lawyers couldn't understand and beinbg lied to by the bankers who made all kinds of assurances to the buyers who had zero possibility of understanding the written contracts, your ideas are, as usual, wingnuttier than rational. You're a fine example of the stupidity and heartlessness of conservatism.

Sadly, there is probably nothing to be done since the crap the bankers did was not criminal because Republicans wrote the laws in such a way that their misdeeds were legal.

 

Brian M. (145)
Monday February 11, 2013, 8:35 am
It is true. Deregulation made it possible for the bankers and other elites to rob this nation blind. Now, after having received huge bailouts to erase their losses, these elites plan on passing all the costs of their blunders on to all of the rest of us through the imposition of harsh austerity cuts to education, to health care, to social security, and to other elements of the social safety net. Oddly enough, this screwing over of the 99% of Americans will be heralded as a triumph of bipartisanship. Perhaps it is time, even in a nation as far behind the times as the US, to consider having more than just two right-wing capitalist parties.
 

Vicky P. (464)
Monday February 11, 2013, 11:40 am
Noted and signed
 

JL A. (275)
Monday February 11, 2013, 8:50 pm
Remember the zombie titles where banks carved up the loans and people cannot sell because the tile got murked up--that is the kind of personal responsibility needed: holding those that made a mockery of what should've been straightforward mortgages and killed the economy--those are some of whom this petition is designed to ensure they take responsibility for their choices--which did far more to the economy than all the so-called irresponsible homeowners using their home equity to pay medical bills.
 

Heidi Aubrey (16)
Monday February 11, 2013, 9:09 pm
FOLKS ATTENTION PLEASE:

THIS PAGE HAS A VIRUS ATTACHED TO IT:WEB ATTACK: MASS INJECTION WEBSITE 5

IT LAUNCHES WHEN YOU GO TO SIGN THE PETITION AND WHEN YOU PRESS SEND.


YOU NEED TO RUN YOUR ANTIVIRUS PROGRAM.


MY NORTON ANTI VIRUS PROTECTION CAUGHT IT.


NO DOUBT, IT IS A VIRUS LAUNCHED BY WALL STREET BANKERS TO WHOM THIS PETITION IS DIRECTED.
 

Jodi Ashley (2)
Monday February 11, 2013, 11:12 pm
Thanks
 

Ros G. (91)
Monday February 11, 2013, 11:26 pm
Brian, I signed this petition even though I live in Australia because this crisis went Global. Australia came out fairly well considering but it did have it's effects. Diane O, how wonderful to be so smug - I was a Real Estate agent during this time and yes, I did advise my clients against these schemes but like most "stupid people" as you put it they do trust their bank managers, financial advisers and lawyers. It is that "trust" that is in question and the "a duty of care" towards their clients which was broken. I was so happy when the Fraud Squad contacted me to give evidence against those that did break that duty of care.. Bankers,Brokers,Lawyers, Land Valuers and Real Estate Agents all charged with FRAUD. So how stupid were they losing their jobs, etc. It also had a long term effect on people that were not involved that did hold onto their nest eggs e.g. lower interest rates on savings, share market losses, superannuation, etc. I am so happy to hear that your beloved GOP would never be part of such a thing...and I can understand why ... they are to busy squandering your Nation's wealth - trying to work out which will be the next country they want to blow up.
 

Ro H. (0)
Tuesday February 12, 2013, 5:32 am
ty
 

John Gregoire (255)
Tuesday February 12, 2013, 5:41 am
Brian,
If he did this he would have to arrest half his cabinet and advisory staff!
 

John Gregoire (255)
Tuesday February 12, 2013, 5:45 am
BEWARE FOLKS- THIS SITE HAS AN EXPLOITATION VIRUS ATTACHED. IT IS THE SORT THAT WILL TAKE CONTROL AND USE YOUR COMPUTER. A GOOD PROTECTION PROGRAM SHOULD HAVE CAUGHT AND QUARANTEENED IT.
 

Arielle S. (317)
Tuesday February 12, 2013, 6:47 am
I'd be wary of saying, "I'd never....", Diane - I never thought I'd hear someone so full of it, but there you are.
When people have a dream, they trust those who are supposed to be looking out for them - big mistake with bankers, brokers and lawyers, obviously. But this affected many more than those who got the loans - there are tons of homeowners underwater now because of this mess. Lots of foreclosures that never should have happened because of this mess. Nest eggs cleaned out, savings eradicated. Wall Street should be held accountable.
 

JL A. (275)
Tuesday February 12, 2013, 8:47 am
Thanks Heidi and John. You are welcome Jodi. Good points John and Arielle. For some reason I didn't get messages about several people's comments on this thread.
 

Sue H. (1)
Tuesday February 12, 2013, 9:33 am
noted
 

Brian M. (145)
Tuesday February 12, 2013, 10:13 am
Clearly, the wealthy elites are trying to silence us and keep us from getting word to the President that what we want most is economic justice. The Wall Street bankers should be rotting in jail. Hopefully, someone with skill will have a new version of the petition up and running soon. I would also suggest that we might start a facebook and twitter campaign, if such would be useful.
 

Brian M. (145)
Tuesday February 12, 2013, 10:28 am
ATTENTION PLEASE: THERE DOES NOT APPEAR TO BE A VIRUS ON THE SITE TODAY. However, it is always wise when using this technology to be sure that you update you anti-virus software regularly and be sure that it is operating properly. Be sure to scan your computer often for all the little nasties that are out there every week.

This petition is NOT directed at the Wall Street Bankers. It is directed to the President Obama, urging him to take action to prosecute those on Wall Street most responsible for the economic hardship that most of us continue to endure.
 

Diane O. (148)
Tuesday February 12, 2013, 1:30 pm
I would never sign documents until I had read them thoroughly. Why would anyone sign something for a 30 year commitment and not read what it says?

The greed came from the American people watching the "the pie in the sky" values of their homes doubling and they refinanced, took all the equity/ the money out, lots of money, bought new boats, cars, trucks, second home, college tutition and BOOM...WHAT SEEMED TOO GOOD TO BE TRUE WAS TOO GOOD TO BE TRUE. Greed can do that to a person.

So, now what? So, what are these greedy home owners going to do now? They pulled all of their equity out and bought wonderful high priced items and now they can't pay for them....so whose fault is that? Is it their next door neighbors....the bank's fault......wait....the taxpayer's fault??? No, it was their fault. Wall Street didn't steal anything from anyone. Dumb Americans simply handed them what they asked for.

Get real people and stop making excuses for people who were stupid. If a document says you have a ONE YEAR ARM ON YOUR FIRST MORTGAGE AND IT CAN GO AS HIGH AS 12% AND THE INTEREST RATE GOES UP.....you know the "bad"news. The bad news is you cannot afford to make that house payment.

Keep blaming Wall Street. All they did was get into the home mortgage lending business to make a buck like a million other companies. Fortunately, the majority of Americans didn't buy into this scheme.

No, I would not be one of those people signing 30 year documents without reading them. The first red flag would've been the 110% mortgage...borrowing money for the closing costs with a second mortgage.

People actually did this and then walked away from their mortgages handing the responsibility over to the taxpayers.

Sweet!
 

JL A. (275)
Tuesday February 12, 2013, 6:19 pm
Just replace bank and mortgage company in the comment above wherever individuals/people or words with similar meaning are used and it will come much closer to being factually accurate based on documentation meeting the courts' standards in the relevant cases in the class action suit, the Congressional Record testimonies and why the rules were revamped for individuals not to be defrauded like they were.
 

Ros G. (91)
Tuesday February 12, 2013, 7:41 pm
Diane O, if it was that simple then the rest of the world would not be affected. Things are a little different here in Australia than in the US and UK, you can't just walk away from a mortgage. The home is repossessed and sold - if there is an outstanding balance then the mortgagee still must pay that off. Maybe that is a system that could be introduced in your part of the world. There were several factors involved in the sub-prime and even large International Financial Corporations and Hedge Funds were caught out and had their asset bases slashed. Banks worldwide crashed - what has that got to do with your "stupid, greedy, man next door". The formulas used where so complex that the banking system crashed because no-one could understand them or even knew where it originated. It was the banks/brokers that generated this greed out of their own greed/need - they just managed to pass it onto the man in the street. This is the bi-product of consumerism - spending is growth and you have to find more inventive ways to get people to spend. So a few go broke along the way - well that's okay then - the next target will be the ones that didn't fall for this - so they may not get now but they will try to get you later......ummmm maybe that reverse mortgage to fund you old age perhaps
 

JL A. (275)
Tuesday February 12, 2013, 8:42 pm
You cannot currently send a star to Ros because you have done so within the last week.
 

Ros G. (91)
Wednesday February 13, 2013, 2:01 am
Many thanks JLA***************Green Stars to you******************
 

Roxy H. (337)
Wednesday February 13, 2013, 12:12 pm
wow great petition and awesome find Brian.... I signed it without and issue
We're fighting to make sure that with his first 100 days of his second term, President Obama implements a bold and just agenda to secure his legacy as a President who respected the rule of law and helped the hardest hit stay in their homes.

The more people pushing President Obama, the more pressure we can bring to bear. Can you also help get more peopel to take action by posting this on Facebook and Twitter or by sending an email to 5 friends?
 

Roxy H. (337)
Wednesday February 13, 2013, 12:19 pm
sending this viral..... to the bashers above.... first off...there was over 6000 people that had signed it before me.... I actually read the petition ALL THE WAY THROUGH..0.o There was NOT A VIRUS ATTACHED... BUT I AM ATTACHED to a few org's that go viral with a following of well over 250,000....cough ya a scary amount huh.... lets say that again slowly....2 5 0, 000....was that slow enough for you??? followers...so i am sending this puppy viral! muhahahahah! Thanks my friend Brian.... and to the bashers above... up yours!
 
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