Investigate the banks!
  • Petitioned President Obama

This petition was delivered to:

President Obama

Investigate the banks!

    1. Sponsored by

      <span>CREDO Action</span>

Wall Street greed fueled the housing bubble, and it's not hard to find evidence of what appears to be widespread and pervasive fraud by the biggest players in the mortgage industry.

Yet, despite the work of a handful of brave state attorneys general, there has been an astonishing lack of investigation into the misdeeds and outright crimes that caused the financial crisis.

The investigations that do exist have barely begun to scratch the surface.

And without meaningful investigations, there won't be any accountability for the Wall Street crooks who drove our economy off a cliff.

Tell President Obama: Announce a full investigation into the cause of the housing bubble and foreclosure crisis.

The collapse of the housing bubble caused trillions of dollars in homeowner equity to evaporate, which directly led to our economy grinding to a halt.

And the ensuing wave of foreclosures -- caused in no small part both by predatory loans designed to fail and out-and-out foreclosure fraud -- has destroyed communities across the country and shrank the tax base of local governments right when there was the most need for the services they provide.

Yet with all the resources at its disposal, the Department of Justice and other federal entities have yet to announce a full investigation of the cause of this man-made economic catastrophe.

Quite the opposite. Thus far the president's advisors have been pushing for a bad settlement with the banks that lets them off the hook . But a bad settlement has been stopped so far by courageous progressive attorneys general supported by an army of grassroots activists like you.

We now have an opportunity to change the White House's strategy as the reelection campaign heats up, and get the president to come out on the right side of this issue.

Tell President Obama: Announce a full investigation into the cause of the housing bubble and foreclosure crisis.

The timing of this fight is critical.

The election calendar is working with us by pushing President Obama to be more aggressive than he's been. We saw this, for example, with his recent recess appointment of Richard Cordray to lead the Consumer Financial Protection Bureau.

And we know that President Obama's political team wants him to run against Wall Street.

CREDO is not alone in asking the Obama administration to launch a full investigation. We're joining with MoveOn and other progressive groups in this campaign.

If we make enough noise, it will be hard for the Obama administration to avoid calling for full investigations into the fraud that led to the housing crisis.

It's a completely reasonable ask, it's within his powers to call for a full investigation, and it's the right thing to do.

Tell President Obama: Announce a full investigation into the cause of the housing bubble and foreclosure crisis.

To:
President Obama
Hold Wall Street banks accountable by fully investigating the big bank fraud that caused the housing crisis.

Sincerely,
[Your name]

Recent signatures

    News

    1. Reached 1,500 signatures

    Supporters

    Reasons for signing

    • Deon Burton WEST PALM BEACH, FL
      • over 2 years ago

      SEE: U.S. Southern District of Florida, Case No. 12-80009 Deon Burton v Robin Carr and PNC Bank

      REPORT THIS COMMENT:
    • Barbara Tomlinson SEATTLE, WA
      • almost 3 years ago

      "Banks got bailed out, the People got sold out."

      REPORT THIS COMMENT:
    • Maneesh Pangasa YUMA, AZ
      • almost 3 years ago

      Hold Wall Street banks accountable by fully investigating the big bank fraud that caused the housing crisis.

      REPORT THIS COMMENT:
    • Andrew Heugel BREWSTER, NY
      • almost 3 years ago

      Starting with the banks and then the telecommunications companies, pretty much all of the "too big to fail" mega corporations need to be investigated. In addition, the media, government, and the non profits also need to be investigated...

      But, what entity can we trust to do impartial investigations?!

      REPORT THIS COMMENT:
    • Andrew Heugel BREWSTER, NY
      • almost 3 years ago

      Starting with the banks and then the telecommunications companies, pretty much all of the "too big to fail" mega corporations need to be investigated. In addition, the media, government, and the non profits also need to be investigated...

      But, what entity can we trust to do impartial investigations?!

      REPORT THIS COMMENT:

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