Looks like the pressure applied by progressive groups like Credo Action, MoveOn and Progressive Change Campaign Committee really helped. But this is only the beginning. We all know the banks are applying all the leverage they can to block any threat of accountability, and they're not going to give up. We'll stay on top of this and what's happening in other states -- like NY AG Eric Schneiderman's investigation into mortgage bank fraud:
California Atty. Gen. Kamala Harris will no longer take part in a national foreclosure probe of some of the nation's biggest banks, which are accused of pervasive misconduct in dealing with troubled homeowners.
Harris removed herself from talks by a coalition of state attorneys general and federal agencies investigating abusive foreclosure practices because the nation's five largest mortgage servicers were not offering California homeowners relief commensurate to what people in the state had suffered, Harris told The Times on Friday.
The big banks were also demanding to be granted overly broad immunity from legal claims that could potentially derail further investigations into Wall Street's role in the mortgage meltdown, Harris said.Read More: Here
No comments:
Post a Comment