California Pulls Out Of 50-State Foreclosure Talks
Fri, 09/30/2011 - 18:56 EDT - NPR - National Public Radio (Business News)
California Attorney General Kamala Harris said she will not agree to a settlement over foreclosure abuses that federal officials and other state attorneys general are negotiating with major U.S. banks.» E-Mail This» Add to Del.icio.us
SACRAMENTO, Calif. (AP) -- California Attorney General Kamala Harris says she will not agree to a settlement over foreclosure abuses that other state attorneys general are negotiating with major U.S. banks....
This is a comment from The Institutional Risk Analyst from last summer. Since then the California Bill of Rights has gone into effect and this comment has landed me on the enemies list with consumer advocates and trial lawyers. Thought we should have an evergreen of this comment on ZH. Just remember Kamala Harris when the expected HPA fails to materialize in 2013 and CA starts to behave a lot like NY, CT, NJ. -- Chris
President Barack Obama gave a shout-out to California Attorney General Kamala Harris during a fundraising stop in Atherton, Calif. today, calling her "by far the best-looking attorney general" in the country. Per the White House pool report:
A group of California union leaders, politicians and activists are urging the state attorney general to reject any deal that lacks significant principal reduction for distressed homeowners.California Atty. Gen. Kamala Harris is attracting increasing pressure from powerful Golden State players to reject a major settlement with U.S.
Government officials have worked out a deal with the nation's five big banks to settle state and federal investigations of alleged foreclosure abuses. Banks would have to pay $5 billion in cash and another $20 billion in loan modifications under the terms of the deal.» E-Mail This » Add to Del.icio.us