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Posts Tagged ‘JPMorgan Chase’

“Of the Rich, By the Rich, for the Rich”

In EYEONCITRUS.COM on kp49 at 311216

Koch Brothers

Several months ago, Bernie and Congressman Ted Deutch introduced a constitutional amendment to overturn the disastrous Supreme Court decision in Citizens United. The importance of that amendment and other efforts to overturn Citizens United or to diminish its impact is becoming more and more apparent.
In his famous speech at Gettysburg during the Civil War, Abraham Lincoln talked about America as a country “of the people, by the people and for the people.” Today, as a result of Citizens United, we are rapidly moving toward a nation of the rich, by the rich and for the rich. Despite having the most unequal distribution of wealth and income of any major country on earth, millionaires and billionaires want more, more and more.

In recent weeks, multi-billionaires such as the Koch brothers and Sheldon Adelson have made it clear that, as a result of the Citizens United decision, they intend to spend hundreds of millions of dollars to buy this election for candidates who support the super-wealthy.

We must overturn Citizens United if we are serious about maintaining the foundations of American democracy. We need to pass the Disclose Act, which will come to the floor of the Senate in a few weeks, if we want to diminish the decision’s horrendous impacts.
Read more about the Koch brothers in Politico »

Back Bernie’s Saving American Democracy Amendment »

Strengthen Social Security

At a time when all Republicans and some Democrats are supporting cuts in Social Security, Bernie has a different approach. Raising the Social Security payroll tax cap on incomes above $250,000 would make Social Security strong for the next 75 years while affecting only 1.4 percent of the wealthiest workers in the United States. That’s what the Center for Economic and Policy Research concluded in an analysis of a bill Bernie introduced. “The report makes clear that if we simply asked the top 1.4 percent of Americans to pay their fair share into the Social Security Trust Fund, Social Security would be solvent for the next 75 years,” Bernie said.
Watch Bernie at a rally on Tuesday »

Read the study (pdf) »

Bankers and Bank Regulators

Dollar Bill

Bernie introduced legislation
to prohibit banking industry officials from serving as directors of the 12 Federal Reserve regional banks. “If this is not a clear example of the fox guarding the henhouse, I don’t know what is,” he said.He released a report on Tuesday showing that 18 bankers, including Jamie Dimon of JP Morgan Chase, are sitting or have sat as members of the Fed while their banks received huge bailouts. “You think there`s a conflict of interest there? You think we should deal with that?” Bernie asked during an interview on MSNBC.

Fighting Foreclosure Fraud

In Bank Fraud, EYEONCITRUS.COM, foreclosure on kp13 at 311014

Dear EYE ON CITRUS

Stop the banks from
taking our homes!
 

Sign my letter telling law enforcement officials:
It’s time for handcuffs
Dear EYE ON CITRUS,

The banks have gone wild.

Over the last three months, I’ve been bombarded with stories of banks committing foreclosure fraud to take people’s homes. Foreclosure fraud happens when a bank decides that it wants to take someone’s house, but it doesn’t have legal title to do so. So it forges paperwork to show the court that it can take a home. Judges often agree to a foreclosure, because most of them can’t believe a bank would simply falsify paperwork. Since the foreclosure fraud story was exposed, however, Bank of America and JP Morgan-Chase have suspended foreclosures in 23 states, including Florida. Judges are getting more skeptical and demanding paperwork.

But this isn’t stopping the problem fast enough. JP Morgan Chase was just caught hiring a contractor to break into a woman’s home and change the locks, while she cowered in a bathroom and called 911. Then the bank claimed it was a simple mistake, as she wasn’t even in foreclosure.

Last month, I called for the Florida Supreme Court to halt these illegal foreclosures. The Florida Supreme Court declined, saying it had no authority to do so. I also asked Fannie Mae to stop working with law firms under investigation for falsifying paperwork. They have not responded. I recently sent a letter to the Treasury Secretary and our national bank regulators asking for a national moratorium on foreclosures while authorities assess the scope of the problem. I have also taped a 7-minute YouTube video explaining the whole situation.

But that’s not enough. We need to stop these “banks gone wild.”

I need your help. I’m sending a letter to the Director of the FBI and to Central Florida’s U.S. Attorney asking them to prosecute banks that foreclose illegally on homeowners.

Will you add your name to this letter? I will send this letter, along with all of the cosigners and your comments, to law enforcement officials.

You can sign it here, at NotTooBigtoJail.com.

Courage,

Congressman Alan Grayson

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