Hundreds of demonstrators marched outside the US Justice Department in Washington to protest the judiciary\u00e2\u201e\u00a2s failure to prosecute major American financial institutions that have contributed to the nation\u00e2\u201e\u00a2s growing housing crisis, Press TV<\/b> reports.\n<\/p>\n
Protesters marched through the streets of the US capital on Monday, urging the nation\u00e2\u201e\u00a2s judiciary authorities to hold American bankers accountable for sweeping foreclosure practices that have forced many homeowners to lose their homes to banks that have financed them.\n<\/p>\n
The protesters further called on the US Justice Department to put an end to persisting mass foreclosures.\n<\/p>\n
Meanwhile, more than a dozen marchers were detained outside the Department of Justice by DC police on charges of \u00c5\u201ccivil disobedience.\u201d <\/p><\/blockquote>\n
However, some victims of bank foreclosures who participated in the protest rally said that the arrests were a small price to pay for speaking out against American corporate banks, which make major profits through their predatory lending and foreclosure practices.<\/p>\n
In 2012, nearly 800,000 Americans were forced out of their homes through foreclosures, a procedure in which financial institutions evict homeowners from their home due to their inability to meet increasing finance rates and their monthly mortgage payments.\n<\/p>\n
Bank foreclosures across the US are continuing at a rate of over 40,000 a month as the percentage of loans in foreclosures remains eight times higher than in 2005.\n<\/p>\n
This is while a large number of homeowners that have lost their homes through foreclosures are African Americans, who have disproportionately been targeted with discriminatory lending practices by US banks.\n<\/p>\n
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