Jan B. Tucker for Vice President: The Aftermath of the Foreclosure Crisis

Addressing the Foreclosure Crisis Starts with a Moratorium on Foreclosures and Treating Criminals Like Criminals

If the people who helped to create the mortgage meltdown were running classic fraudulent scheme in which unwitting people were manipulated into participating what they think is an entirely different fraud, so that when they were ripped off they would be afraid or too embarrassed to go to the police, prosecutors and a police bunco squad would treat the people who got ripped off as victims and not charge them with a crime in exchange for testimony against the real criminals.

Corporate criminals in the mortgage industry depend on people not coming forward to say that they were solicited and cajoled into submitting false financial papers to get sub-prime mortgages because in essence, these victims who got talked into it participated in a fraud. However, they remain just as much victims as people who get taken every day by street level confidence schemes.

We need a nationally coordinated criminal procedure policy to start at the bottom and work up the food chain to put corporate mortgage criminals behind bars:

• Congress should appropriate a fund for polygraph examinations for the victims of these frauds and for higher ups who are prepared to give truthful testimony to implicate those higher up than themselves
• A law granting amnesty should be passed for any person who got a mortgage with false financial statements if they pass a lie detector examination demonstrating that they were solicited to do so by employees or agents of the mortgage broker or lender
• Appropriate leniency should be encouraged by prosecutors to mortgage industry employees who implicate higher ups
• Congress should make the results of polygraphs conducted by American Polygraph Association examiners admissible when done according to APA ethics and guidelines for federal criminal and civil prosecutions for these cases

As this process will undoubtedly lead to “predicate acts” as defined in the Racketeer Influenced and Corrupt Organization Act (RICO) law (18 USC 1961 et seq), mortgage companies and their officers and directors who participated in these practices should be prosecuted under the RICO Act, just like organized crime, because that behavior is exactly what they engaged in.

Federal Elections Commission ID # C00579748, Roseanne & Jan The Team With a Plan

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