David Dayen hosts Foreclosure Fraud: How the Banks Broke the Housing Market and How We are Fighting Back this morning at Netroots Nation. Panelists: former TARP Inspector General Neil Barofsky, community organizer Malcolm Chu, and whistleblower Lynn Szymoniak. We’ll post the video later today, but Marcy is liveblogging now.
Despite the fact that we’ve been in a foreclosure crisis for more than four years, precious little attention has been paid to how banks have used faked documents to steal homes from American borrowers. This panel will break down just how the banks have defrauded homeowners, local governments and the state judicial system, and why meager settlements or more promises for loan modifications are completely inadequate to hold the guilty parties responsible for the crime. This panel brings together foreclosure fraud experts, along with the people actually working on the front lines to stop illegal evictions and bring forward justice. We will also take a look at citizen-led efforts to protect people’s homes and hold banks accountable—and how you can join those efforts.