“Breaking the law is not a trade secret.” – Sen. Elizabeth Warren, April 11, 2013

$300. For having your home taken from you illegally.

Is that your idea of justice? The federal bank regulators think it is. Want to know why? Sorry, they can’t tell you – that would mean revealing “trade secrets” of the banks.

It true. This week some 4 million families whose homes were stolen by Wall Street criminals in 2009 and 2010 will be getting a total of $3.6 billion in compensation. Most will receive less than $1000. For losing their homes. That amount was arbitrarily determined by the Office of the Comptroller of the Currency (OCC) and when asked why in a Senate hearing yesterday, they said turning over the information would mean turning over confidential “trade secrets”.

To which Sen. Warren responded, “Breaking the law is not a trade secret.”

We’ve made calls, sent petitions, written letters – and we’re still not seeing the change we need. So next month members of the Home Defenders League, supported by the Campaign for a Fair Settlement, are taking things right to the steps of the Justice Department in DC.