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No Sweetheart Deal for Wall Street on Mortgage Fraud

Treasury Secretary Tim Geithner is pushing a settlement with the big banks and Wall Street firms that caused the mortgage crisis—letting them get away with a slap on the wrist.

Unbelievably, Geithner wants state attorneys general to agree to a sweetheart deal where these banks would pay only $20 billion—a fraction of what they could owe if fully prosecuted—and would get immunity from investigation and prosecution of the criminal greed, negligence, and fraud that caused this crisis. This would eliminate any leverage regulators have to pressure banks to help out the homeowners they've hurt.

Eric Schneiderman and Beau Biden, the attorneys general of New York and Delaware, are holding strong despite enormous pressure from the Obama administration to accept the deal. Schneiderman's insistence that these crimes be investigated and prosecuted has now gotten him kicked off the settlement committee.

Owning a home is part of the American Dream, and justice for homeowners is part of the American Dream movement. We have to stand behind Schneiderman, Biden, and other state attorneys general, and not let Geithner and a yes-man settlement committee brush banks' criminal behavior under the rug.

A compiled petition with your individual comment will be presented to Treasury Secretary Timothy Geithner.

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Full petition text:
"No more sweetheart deals for Wall Street. Let states investigate and prosecute the crimes that crashed our economy."

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