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Cccupy Protest And Foreclosure

October 19, 2011 by staff 

Cccupy Protest And ForeclosureCccupy Protest And Foreclosure, Participants in the Wall Street-inspired Occupy Occupy is to protest the Lansing branch of Chase Bank downtown Lansing Tuesday afternoon. In a press release sent this morning, the protest is explained:

“Chase Bank is one of the predatory lending institutions responsible for the sputtering economy,” said Ian Eberhart, a spokesman for October 18. “The company took and $ 25 million in taxpayer rescue cash, however, still refuse to issue credit for small business payroll in Michigan. Besides, they have avoided paying tens of millions of dollars in state taxes and local transfer of title, robbing local communities of vital fire, police and other services. ”

Ingham County Register of Deeds Curtis Hertel, Jr. filed a lawsuit earlier this year against Chase and other banks to recover the taxes and title transfer. Taxes, Hertel argues in his presentations, were prevented by the transfer of securities through Mortgage Electronic Registration System (MERS). MERS facilitated cross which in turn allowed banks to sell mortgages on the market. Many of these mortgages and securities were transferred hundreds of times.

But that’s not all the protesters are angry about.

“In addition to the bailouts and tax evasion, handling accounts with Chase in order to cause excessive overdraft fees to customers,” said Nick Cooper, the other October 18 spokesman, who is a former head of the Chase account. “Then to make matters worse, this company is frolicking with tax evasion foreclosure companies that have knowingly submitted false documents to foreclosure in order to steal the homes of hard working men and women in this country and the state. ”

The demonstrators also noted that Linda Orlans, the owner of Orlans Associates, recently held a fundraiser for Republican Secretary of State Ruth Johnson. Marshall Isaacs, Orlans lawyer has been charged with a national theft scandal firm.

16:00 to 18:00 In addition to the protest, demonstrators say Hertel will join them in Reutter Park to educate them in the foreclosure process and abuse.

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