Here's another great example of how both parties do it. Perez and Mnuchin, one ripping off deployed soldiers, and the other condoning the practice through inaction as a regulator. Both are rewarded with high level positions. Mnuchin should be in prison. Perez is a perfect fit for DNC head...
https://theintercept.com/2017/02/22/dnc ... tic-party/Mudick confirmed allegations that J.P. Morgan had foreclosed on active duty soldiers in violation of the Servicemembers Civil Relief Act (SCRA). The SCRA was first enacted during the Civil War and is designed to cap interest rates and prevent foreclosures for active duty troops. Violations can potentially be charged as misdemeanors, punishable by up to a year in prison.
Both Democrats and Republicans at the hearing lambasted Mudick, with Rep. Bob Filner suggesting the bank was responsible for “homicide” against soldiers who killed themselves after being foreclosed on. “Shouldn’t someone go to jail for that?” he asked. “And who should? Who is responsible? Are you, as the executive VP who was given us from the bank to answer for this stuff, should you go to jail?”
Mudick pledged to find out who at her bank was responsible and would be held accountable. But her performance didn’t impress attorneys defending soldiers against illegal foreclosures. Richard Harpootlian, a foreclosure defense attorney, echoed Filner at the hearing. “Put somebody in jail, then banks will stop doing it,” he said.
The SCRA is rarely used for jail time, and other parts of the government were more well-suited for pursuing criminal charges against bank executives. Yet the foreclosure crisis, with the ensuing mortgage documentation fraud, was also unprecedented. The Office of the Comptroller of the Currency documented 1,622 SCRA violations, including over 1,000 completed foreclosures of active duty troops.
No one ever did get convicted of a crime. And the person who was running the division of the Department of Justice with jurisdiction over the SCRA at the time was Tom Perez. From 2009 to 2013, he was assistant attorney general for civil rights.
Perez himself continually touted his division’s work on the SCRA. But in 2011, Congressmen Brad Miller and Walter Jones wrote to the Justice Department about these violations, noting: “The continued failure to pursue criminal charges in the face of flagrant violations of the criminal law is destroying Americans’ faith in their government and democracy.”
The Justice Department later reached a settlement with banks over these violations, including J.P. Morgan, offering monetary payouts to soldiers. But no individuals were held accountable.
In 2013, Rep. Miller accused bank regulators and the Justice Department of refusing to investigate, saying “They consciously decided not to continue an investigation because what was revealed was so damning.”
One banker who profited through these illegal foreclosures was Steven Mnuchin, whose bank OneWest was caught violating the law. OneWest had 54 documented SCRA violations. Mnuchin is now Donald Trump’s treasury secretary after winning confirmation despite nearly united Senate Democratic opposition based on his profiteering from the foreclosure crisis
