But the question is not getting cash to them, $300. The question is getting the right amount of cash to the right people, the people who are the victims of illegal activities of the banks, is that right?
Elizabeth Warren
The Public Record
I want to know on a bank-by-bank basis the number of families that were illegally foreclosed on.
I had the distinct honor, though, of being able to introduce Gina McCarthy for her hearing to head up the Environmental Protection Agency.
The number has to be based on at least some understanding of how often the banks engaged in illegal activity and how many homeowners got hurt.
Without transparency, we cannot have any confidence, either in your oversight or that the markets are functioning properly.
the particular instance we are talking about here involved four million families, and it involved people who lost their homes, whose lives were turned upside down.
I think I will stop there, Mr. Chairman, since it is clear that we do not have the information we need to determine the numbers on which the OCC has based--and the Fed--has based this settlement.
What I am asking for is a bank-by-bank analysis of how many families they illegally foreclosed on.
the people who broke the law are the same people now who have determined who will be compensated from that law breaking.
So unless someone throws a rock through the window with this information tied to it, you will not release it, is that what you are saying?
the public over and over seems to think that this institution and the regulators and the Senate and the House are more interested in protecting the banks than they are the public.





