30,000 Tell Eric Schneiderman: We Need a Real Wall St Investigation

October 10, 2012 | In: Actions

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Over 30,000 Americans have signed our letter to Financial Fraud Task Force chair Eric Schneiderman over the last month, urging him to bring forth serious, federal criminal indictments of major US banks for fraud before time runs out. That still hasn’t happened. That’s why we just gave him 30,000 letters from our members in response.

Tuesday morning, two activists with The Other 98%, Samantha Corbin and Nicole Carty, arrived at Attorney General Schneiderman’s office to let him know that over 30,000 people have urged him to bring forth serious criminal indictments of the Wall Street fraud that wrecked the global economy, before the five-year statute of limitations on mortgage fraud runs out. We also personally delivered to the taskforce your testimonials of how the economic collapse has affected your life and the justice that you want to see.

Just last week, when we first delivered our letter, it had 18,000 signatures – the outcry just keeps getting louder. Here’s the key text of the open letter we sent him:

“It’s time to indict Wall Street for mortgage fraud or resign from the Financial Fraud Enforcement Task Force – the statutes of limitations are running out on some of the worst crimes from the financial crisis, and we need you to take action on the biggest banks and worst offenders now, or step down in protest as you tell us why not.”

This issue isn’t going away. In just one week our petition jumped over 10,000 signatures. Clearly, this is an issue that the people care about, personally and deeply. The people want real justice for Wall Street’s financial recklessness; for 30,000 of you, that means bringing federal, criminal charges.

We asked our members why they need an investigation – and included excerpts from their stories in our package to NY AG Schneiderman. You can find them throughout this page.

It has become painfully clear that moneyed interests have brought us a two-tiered legal system and, instead of being a country of laws, we have now become mostly a country of men; a few of whom can behave as they please with few, if any, negative consequences. This is not the system I inherited from my parents, but unless good men start to do something, it will be what my children inherit.
- Melissa Peters; Henrico, VA

I volunteer doing back office clerical support at a small local non-profit trying to relieve poverty by distributing second hand goods including clothing and household goods, and helping clients with certain bills, mostly for winter heat, and year-round electric bills. The mess those banksters made of the economy has dumped a whole lot more work on Windham Area Interfaith Ministry since there are more poor people needing more help than ever. And that mess also makes fund-raising more difficult since those who usually donate are less able to do so now, since their incomes are down also.
Grace Adams; Willimantic, CT

We at the Other 98% aren’t going to let Eric Schneiderman forget that the people are expecting real justice. We will keep going back so that Schneiderman knows that we won’t let Wall Street get away with this, that we know his taskforce can deliver real justice, and that all of us watching to make sure it does just that.

Mr. Schneiderman, don’t go down in history as one of the good ol’ boys who did the wrong thing…Special interest money and government corruption have reached new heights in our country and people are not going to tolerate it anymore.
- Deborah DeVane; Gainesville, VA

Schneiderman is the people’s lawyer—he needs to bring The People’s Justice.

If you haven’t already, make sure you sign the petition. Share your story and let task force chair Eric Schneiderman know what Justice looks like to you. We’ll make sure he gets the message.

I am much distressed by the ever increasing gap in our justice system between the consequences to those that have money, power and influence, and the rest of us. When Richard Nixon was not held to account for his crimes when I was a young man, I thought it outrageous that the dignity of an ordinary citizen was valued less than that of a powerful man; that the citizen would go to jail for his crime, while the affront to the Nixon’s dignity was seen as punishment enough. This insidious trend only escalated in the decades since, and the the corresponding sense of entitlement now seems to know no bounds. Of course this is wrong, and correcting it is of now small importance to getting the justice system back on track.
- Carl Schwensohn; Minneapolis, MI

I am a lawyer and solo practitioner, as is my husband. So our children would not incur huge debts in student loans, we refinanced our home several times, to help them get through college. When Wall Street crashed, we were unable to make mortgage payments because our clientele was out of work and unable to afford attorneys.

We were in that home for 30 years. We raised our children in that house. We are in our 60′s. We lost that home because we could not afford the mortgage payments and, ultimately, because of the economy, had to file bankruptcy — a humiliating experience at our age, to say the least.

More “Occupiers” have gone to prison then the Wall Street financiers who caused the crash and the resultant “great recession.” When will someone from Wall Street go to prison for the underhanded, fraudulent conduct which wrecked our economy and so many lives? Put the real criminals in prison, not the people who protest their criminal conduct.
- Eleanor Miller; Phoenix, AZ

For anyone who knew about the robo-signing and illegal foreclosures, jail time certainly seems to be in order. And without question, fines with real teeth with the money going to those who lost their homes or are in or near foreclosure proceedings should be meted out.
- Joe Magrid; Ithaca, NY

I know you don’t want to bite the hand that feeds you. Do it because it is right.
- Russell Vacanti; Willow Spring, NC