PLEASE READ: A chance to actually beat the banks

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Scott Richardson

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Dec 2, 2011, 3:01:40 PM12/2/11

to Occupy Pocatello

Dear MoveOn member,

We all know that when the big banks tanked the economy, they were
engaged
in flat-out fraud. How awesome would it be if they had to pay back the
billions they stole?
Well, thanks to some brave state attorneys general, it could really
happen.1
Eric Schneiderman of New York and Beau Biden of Delaware--with the
backing
of MoveOn members, Occupy protesters, and other grassroots heroes--
have
used their power under state laws to demand a real investigation.2 But
the
banks will do anything to stop them, and these progressive attorneys
general are under crushing pressure to back down.3
This is it--our last real chance to hold these Wall Street crooks
accountable. We know the anger is out there--Occupy Wall Street proved
that--but we need a sharp publicity campaign to make it politically
impossible to let the banks off the hook ... again. To ramp up this
campaign, we need to raise $140,000 this week. Can you help?
Chip in $5 to help take the fight to the banks.
The big banks pulled one of the greatest cons in American history.
Hundreds of millions of people lost their jobs, saw their retirement
wiped
out or their home values plummet because of a housing crisis caused by
banks who were routinely lying about document notarizations, forging
mortgage documents, and defrauding investors.4 They made billions
doing it
and then got billions more in bailout money.
We can win an investigation and fair settlement that would put that
money
back in the pockets of homeowners and investors, who will spend it and
help restart our economy.
And this is one fight where the partisan gridlock is irrelevant. The
banks
are headquartered in the states of these progressive attorneys
general,
which means they don't need the approval of Congress, a Super
Committee,
or even the administration. We can get real relief for homeowners as
long
as the progressive attorneys generals refuse to back down.
But we're at a tipping point. So far, the banks have failed to get
immunity. Progressives have momentum and now we have to ramp up the
pressure on the banks before they regroup and start pushing for a new
sweetheart deal.
To do that, we need to raise some money this week. The banks have
millions
to spend on lobbyists. We have each other, so let's all pitch in. :-)
Can
you give $5 today to win real accountability for Wall Street?
https://pol.moveon.org/donate/agdeal.html?bg_id=hpc5&id=33471-18158642-5Z4HWUx&t=12
Thanks for all you do.
--Daniel, Elena, Stefanie, Mark, and the rest of the team
Sources:
1. "Attorney General of N.Y. Is Said to Face Pressure on Bank
Foreclosure
Deal," The New York Times, August 21, 2011
http://www.moveon.org/r?r=263392&id=33471-18158642-5Z4HWUx&t=13
2. "State is key to deal on mortgages," Los Angeles Times, September
24,
2011
http://www.moveon.org/r?r=268439&id=33471-18158642-5Z4HWUx&t=14
3. "BofA's Moynihan Said to Press Geithner on Foreclosure Agreement,"
Bloomberg Businessweek, August 12, 2011
http://www.moveon.org/r?r=268438&id=33471-18158642-5Z4HWUx&t=15
4. "I was a robo-signer," CNN, October 28, 2010
http://www.moveon.org/r?r=268436&id=33471-18158642-5Z4HWUx&t=16
"Mortgage mess: Who really owns your mortgage?" CBS News, August 7,
2011
http://www.moveon.org/r?r=268437&id=33471-18158642-5Z4HWUx&t=17

Want to support our work? We're entirely funded by our 5 million
members--no corporate contributions, no big checks from CEOs. And our
tiny
staff ensures that small contributions go a long way. Chip in here.

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