As Chase Home Lending CEO David Lowman began his testimony at yesterday’s Senate Banking Committee hearing, a staged demonstration broke out, as a group stood up in unison, unfurled a banner reading “Dave Lowman Lies” and urged homeowners to “Tell Your Stories.” CNN caught it on video, indicating media is beginning to wakeup to the crisis. Share your stories about the foreclosure crisis while media is still paying attention.
|By: Jim White Wednesday November 17, 2010 12:30 pm|
|By: emptywheel Tuesday November 16, 2010 2:21 pm|
Liveblogging of the Senate Banking Committee hearing on foreclosure fraud continues. Senator Richard Shelby was actually pretty good, but then Sens. Mike Johanns and Bob Bennett went to some length to try to pretend the banksters weren’t doing what they were doing.
|By: David Dayen Tuesday November 16, 2010 12:35 pm|
This hearing is the latest example of national policymakers getting involved in the foreclosure fraud issue. The Congressional Oversight Panel warning of the enormous risk from the failures of servicers was the first report of its kind at the federal level to take full measure of the situation, and this is the first Congressional hearing. Senators on the Democratic side like Jeff Merkley and Sherrod Brown are sure to press the bank representatives aggressively on why foreclosure mitigation programs have failed, and why they used false documents to evict people from their homes. The ranking member on the Republican side, Richard Shelby, wants to investigate failures at the major loan servicers.