A woman who disrupted a Senate Banking Committee hearing on June 13 was arrested along with five others from the housing advocacy organization Occupy Our Homes DC. Deborah Harris interrupted the opening statement of JP Morgan Chase CEO Jamie Dimon, who was giving testimony on his bank’s recent $2 billion losses in hedge fund investments. Her home is being foreclosed on by Chase Bank.
The Raw Story reports that protestors yelled, “Stop foreclosures now, stop foreclosures now!” before being escorted out of the hearing by Capitol Police.
Though Dimon remained stone-faced, the demonstrators have numerous reasons to protest the financial institution for its history of questionable foreclosures.
JPMorgan Chase has been sued by state attorneys general and others for alleged foreclosure fraud. They have also been twice sued for subprime lending practices that led to the housing finance crisis in 2008, and for automating the foreclosure process through robo-signing, the practice of a bank employee signing thousands of documents and affidavits without verifying the information contained in the document or affidavit.
Last week Occupy Our Homes DC, which has publicized Harris’ case as part of its campaign to raise awareness of epidemic foreclosures in the area, conducted a sit-in of Chase Home Loan Modification offices in Washington, DC in an effort to gain a negotiation for the retired paramedic.
“It was powerful for Deborah to be able to confront and stand up to Jamie Dimon,” Rooj Alwazir of Occupy Our Homes DC said, “And tell her story of why he’s stealing her home of 17 years, [at the same time that] he’s trying to justify a $2 billion loss [as a result of] his own negligence.”
- Protesters yell at JPMorgan CEO Dimon: ‘Stop the foreclosures now!’ (rawstory.com)
- Occupy Our Homes DC: The right to housing (coolrevolution.net)
- Charting the cozy connections between JP Morgan and Senate Banking Committee (syracuse.com)