Struggling Homeowners Found Guilty For Demanding Foreclosure Relief—While Wall Street CEOs Who Perpetrated Foreclosure Crisis Walk Free
On Monday, October 7th, two homeowners arrested while demanding Wall Street accountability in the foreclosure crisis were found guilty of unlawful entry in federal court after staging a sit-in at the DC law offices of Covington & Burling, LLC. Sherry Hernandez, Mildred Obi and Annie Quain—each grandmothers who have fought unjust foreclosures on their homes by Wall Street banks—were arrested in the culmination of three days of action in late May as hundreds of homeowners protested at the Department of Justice and Covington & Burling, a firm that epitomizes the revolving door between government and Wall Street interests.
The cases, United States vs. Hernandez, Obi and Quain, have stretched since this summer, when the women were charged with unlawful entry. The three women faced a maximum penalty of 180 days in jail, a fine of $1000, and a payment under the victims fund of up to $250 each—a far cry, supporters say, from the lack of prosecution and punishment for any banker involved in the 2008 crash. Ultimately, Hernandez and Obi were sentenced to time served and the minimum fine of $50 to the victims’ fund; the prosecution dropped charges against Annie Quain.Read more