A Letter from National Peoples Action

Here is the letter I got from National Peoples Action.  I called John Walsh and tried to talk to him, but he wasn't taking the calls.  The poor receptionist was having to record and forward them all.  I said, that's okay, your just doing your job.  Give John a call.    I have a u-tube on the National Peoples Action demonstrations and two foreclosure blues songs for you today. 

Dear Joseph,

Right now, more than 500 people are making lots of noise outside the Office of the Comptroller of the Currency – the worst bank regulator that you never heard of.   They are demanding that the OCC stop throwing homeowners under the bus in the their tireless efforts to protect the big banks.

Join the crowd by calling OCC Chief John Walsh right now at 202-874-5000.  Tell him, “We need the OCC to take its responsibility seriously and hold banks accountable for fixing the foreclosure mess.”  And be sure to follow the day’s events on Twitter at #makewallstpay

Over the past weeks, it has emerged that this little-known bank regulator is working hard to weaken any settlement that the Attorneys General and other bank regulator reach with the big banks on their fraudulent foreclosure practices.  

Yes, that’s right.  The biggest threat to a strong settlement actually comes from the very regulator who is supposed to be protecting us from the bank’s abusive behavior.  But this isn’t anything new for the OCC.  For years, they’ve turned a blind eye to the worst financial abuses on Wall Street.

We have to tell them, “Stop!”  Call OCC Chief John Walsh right now at 202-874-5000. 

Together, we can make sure this a “settlement that fits the crime.”

Thank you,

National People's Action
PICO National Network
Alliance for a Just Society
Alliance of Californians for Community Empowerment
IAF Southeast