Kamala Harris | California Breaks from 50-State Probe into Mortgage Fraudclosures

California breaks from 50-state probe into mortgage lenders

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, a person familiar with the matter said.

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, the person said.

The removal of California from the discussions is a major blow to fraying efforts by the 50-state coalition that has been trying to strike a settlement deal with the big banks for months. The move by Harris to reject the settlement talks is also a key departure from efforts by the Obama administration, which has been pushing for a fast resolution to the so-called robo-signing scandal that erupted last year.

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43 Responses to “Kamala Harris | California Breaks from 50-State Probe into Mortgage Fraudclosures”
  1. Maggie May says:


  2. talktotennessee says:

    John McCain on Face the Nation today said Washington is not addessing the housing problems and this market was deteriorating. This the third time I have heard him stress the fact no one is doing anything for the man on the street. We are certainly headed for or are already in a second recession now. The banks are sitting on their reserves, getting out of obligation to government for the money they borrowered so they can compensate their CEOs, CFO, COO, etc. etc. without federal regulation. Washington has moved into election mode and no one is or can do anything about housing, criminal fraud, regulation, etc. Just as suspected, we are swept under the rug in favor of the political circus over the election in the media. There is one bright spot, now the NY Times is covering the OCCUPY movement, since 700 people were arrested yesterday. Maybe this movement will get off the ground and make a difference. Isn’t that about all that is left that supports accountability from Wall Street and the banking industry.

    • housemanrob says:

      …I still would like to know when the first recession ended………only corporations and a handful of billionaires making huge sums of capital! It was a false recovery…..we are in a DEPRESSION and only Bernanke and Geitner and FALSE ECONOMIC reports make it appear otherwise………especially to the simple and ignorant!

  3. disableddad says:

    I’m not sure if anybody here has any doubts about Ms. Harris, but I have been contacted by the AG’s Strike Force. Last week I sent 500 pages of evidence (I didn’t want to overload them) I intend to pile on the rest as soon as I can. So it’s real, let’s see how real.

    • Ben says:

      I sent 76 pages and Harris only put in the list of witnesess..I filed RICO against Bank of America. She is in favor of Bank of America. The second packadge goes to FBI and others. but they keep silent. In california we do not have legal support.

      Ben, with all rights reserved. secured party attorney.

  4. At least i CA we got a good one (AG) lesson for Bondi

  5. Maggie May says:


  6. Maggie May says:


  7. John Browne says:

    Who or what is in charge of our DOJ? Unbelievable that this agency would prefer a fine for such epic criminality!!!
    Too Big To Prosecute! What kind of pie? OCCUPY!

    • leapfrog says:

      Eric Place Holder is in charge of the DOJ. His former lawfirm (maybe he still has stock?) came up with the MERS scheme and their firm also defended white collar criminals. Need I say more?

    • lvent says:

      John Browne, The corruption runs deep..The hidden power structure is no longer so hidden…We have to do our homework and find out who these people are, what club they are a member of such as Timothy Geithner is a member of the Council on Foreign Relations..The president appoints these people….and we all know who funded Obama’s campaign…..Goldman Sachs, The Big Banks, George Soros, ….All of the NWO GLOBALISTS who are owned and controlled by the SMOM/VATICAN/JESUITS who are AKA the UN/NWO………..know your enemies…

  8. Fred Grandis says:

    Tom Miller needs to resign. The “Federal” push to wrap up endemic predatory criminal behavior is an incredible outrage. Foreign held debt — the question is how far our malevolent Treasury Department will go to “service” that debt? We already know they’ve thrown people out of their houses coast to coast, and people are rightfully furious.

  9. incognito123 says:

    Well ABOUT damn time some start paying attention!! Just need more to do their jobs, like ALL 50 AG’s start to push CRIMINAL PROSECUTIONS

  10. talktotennessee says:

    Saw where Warren Buffet visited Wall Street today supporting his investments and the U.S. economy. You think his actions are suspiciously designed to foster confidence in the market?. He has been showing up on que to invest in either B of A or buy back his own stuff at strategic times lately. If Europe is failing despite Germany’s rally to support Greece, things overall aren’t looking as good as Buffet tried to make it sound in the interview. For example, he said his four real estate corporations were “flat,” where they had been in the last three years but supposedly the rest of his stuff is doing “well.”. I am thinking if old WB would put a little money into helping homeowners instead of proping up B of A or buying back his own falling stock, he might boost confidence a little better.
    Why is everyone trying to fix everything except the ‘real’ problem? You would think WB and Washington would get a clue.
    Just saying. . . . . .

  11. lvent says:

    Where is AG Lisa Madigan? Rahmfather got your tongue? and I know, I know, Fannie and Freddie has his..But let me ask you this guys, how is a GSE, which “backs” a fake, fraudulently induced loan with U.S. TAXPAYER DOLLARS, also, a borrower of tax payer money from the U.S. TREASURY, a trustee, the trust, issued credit by the U.S. TREASURY, the seller, the investor, a shareholder, a bondholder, who also has the IMF as its biggest shareholder/ bondholder, is also MERS and the attorney for Plaintiff, and is also the pretender lender who is bringing millions of fraudclosure suits? SOUNDS LIKE A MASSIVE ILLEGAL AND UNCONSTITUTIONAL CONFLICT OF INTEREST TO THE U.S. TAXPAYER…….. …You guys are all a bunch of filthy animals!!!
    So the song goes,…… there are addictions to feed and there are mouths to pay…but,…..who will save your souls……..?????.

  12. lies is all they tell says:

    notice pam bondi has not done anything yet to save her state. what is she waiting for. there are no jobs, food prices have doubled in the past year, salaries have not gone up. so how do we pay bills, buy things, pay mortgages? the mortgages need t olower to market value so we can afford them. why continue to foreclose there is not enough buyers for all these homes. i have wells fargo having been contacted by florida senator marco rubios office and the OCC continue to refuse to admit wrong doing. they write in a letter never appoligizing for what they have done. (telling me not to pay my mortgage to apply for hamp….not true) they still want me apply for a hamp while “foreclosure proceedings continue” isnt that dual tracking??? i am so confused. feel so stressed. every week i keep hoping on developments. foreclosure mortitorium

    • lies is all they tell….I have been very busy lately and have not kept up on Pam Bondi…not the she is REAL INTEREST of mine….I really don’t care to hear anything she say’s or does…she is a fake and a traitor to the State of Florida. Bondi needs to be thrown out onto the street so the bus can run over her….Her mouth expels only trash…no different than a garbage can. She is so far from Law Enforcement one wonders if she even knows what law enforcement is….one thing she is good at is riding the backs of the wild boars…..

  13. kravitz says:

    file under ‘mama dint raise no fool.’

  14. talktotennessee says:

    It is doubtful the remaining AGs can deliver immunity wanted by banks in this deal without states like NY and CA. who are ‘too big to ignore’:) That is supposed to be funny, if ironic.
    The president wants this settled so the market will stabilize before the election. That is short sighted. Its hard to buy any value for this settlement except to state coffers. AGs do not work for individuals so monies recovered will be handed to the states for distribution having little or no impact for homeowners, modification or settlement. Tennessee did such a poor job of helping people recover in former settlements that it is unlikely they will do much better now. States will swallow these pennies up and it will mean nothing except the AGs would have given away future recovery for investors, further depressing the market. Lenders would be relieved causing them to dump residual REO collateral on the market, flooding the market with cheap REOs. Housing will fall again. As homeowners, we aren’t really in this picture. If the settlement is like B of A’s settlements to date, they have pumped less than $500 per person into a fund for excessive fee claims with no modification or principal reduction offers. States are still sitting on some of that money.
    Harris’ action leaves her room to sue lenders/bankers if more fraud is uncovered. Smart courageous lady perhaps, until proven otherwise!

  15. Jim Bethea says:

    I believe some are reading this all wrong ~ By her removing CA from this alleged settlement [slap-on-the-wrist] and back to business as usual, she is leaving the door open for individual prosecution for each and every victim to go after each and every bank ~~

    Any such settlement as these attorney generals and banks have been discussing is that the banks would not acutually admit to fraud, only to document irregularities and just pay a fine [no prosecution – no recovery for victims of their known fraud] and all of their past fraud would be swept under the rug ~~~

    Now anyone in CA can use this “removal from the weak settlement program” as a good tool to prop-up their actions against these banks ~~

    I hope no one had the idea that if a “settlement” was agreed on that any of these state Atty Gens were going to give you any of this money? Politics just don’t work that way in the US ????

  16. Ramon says:

    Now if New York and Georgia break loose, we might see real action!

    • DanJS says:

      Why do you mention Georgia?…. Just because it is the largest state (in square miles) east of the Mississippi River? … Or because more banks have failed in Georgia in the last 10 years than any other state? Or do you know something about the Georgia AG he has not expressed publicly?

      • Ramon says:

        IMHO, Georgia is the global nexus of financial crime and judicial corruption. There is a metastatic matrix of ‘protection’ from prosecution embedded into the corrupt judicial system that allowed for this global meltdown. Is it a coincidence that the south eastern region of the VA office of loan guarantee is in Atlanta (Decatur) Georgia? The fox is guarding the hen’s house. In fact the fox STOLE the hen’s house and ate the hen! The fox is protected by the ‘Unseen Hand’! How many tens or hundreds of BILLIONS of dollars were lost to fraud on Georgia banks, or through Georgia corruption, by the MULTIPLE PLEDGING of loans? That money was transferred offshore, hidden from detection by the banks, and the Govt. WHERE IS THE MONEY?! WHY SHUT DOWN THE BANKS? WHY NOT REVERSE THE MONEY TRANSFER! AND ARREST THE THUGS!. WHY MUST THE USA FOLD UNDER THE BURDEN OF PAYING OFF THE THUGS DEBT! PROSECUTE THEM! TAKE THEIR ASSETS! IT IS A PROTECTION RACKET! FROM THE TOP DOWN! IT WOULD APPEAR THAT THE USA IS THE TITANIC AND ATLANTA IS THE ICEBERG!THE ELEPHANT IN THE ‘ROOM’ IMHO.

      • Ramon says:

        i meant to say: “That money was transferred offshore, hidden from detection FROM the banks, and the Govt.” -The banks and Govt. apparently did not know what was going on. Only INSIDERS INVOLVED in the racket within the banks and govt knew, and were/are very adept at concealment., ie: Loan officers, loan originators, loan ‘guarantee’ officers, ‘appraisers’, possibly some involvement with the county court recorders offices as well. After all, they refuse to TRY to sue MERS to recapture their lost title filling tax filling fees, and there was a suppression of title fillings, other then that of regarding MERS. It first have may appeared that there was a ‘double books’ at the court house, one for public appearances and the for concealment of the use in the mortgage scams. The suppression of titles would seem to be an INSIDE JOB. The ‘FAILURE’ TO INVESTIGATE these crimes must then also be an INSIDE JOB! IMHO.

    • CaitlinO says:

      New York has already broken loose, as have Massachusetts, Delaware, Nevada and, probably, Arizona. There may be one or two others I have forgotten about.

      The agreement is burnt toast.

  17. Charles says:

    Karmala. While you are investigating Wall street. Let’s not forget to investigate Senator Feinstein for the $25 billion she stoled for her honey, Richard Blum. He is using the TARP money to buy all foreclosures. It’s time to vote her out. She has lied to us long enough.

  18. Charles says:

    Con grays Attorney Harris! Stick
    with Attorney Schneiderman. Go after Wall street and the banks. We have been lied long enough. California was scammed by MERS and the banks. It’s time to drag them into the courts and collect the fee’s they never paid on recordings. Stop all foreclosures until we can have day in court.

  19. xxxx says:

    Could be interesting, pass the popcorn, thinks I will have a beer with this one

  20. housemanrob says:

    ,,,,you can check out anytime you want…..but you can never leave!

  21. talktotennessee says:

    Settlement talks are coming apart.
    Reminds me of negotiations with B of A in trying to get them to accept a short sale offer, which they declined. Now the market value on the property does not even reach the offered cash ‘as is’ sale price that was made and continues to fall. Trouble with the AG and banks’ settlement is they are less concerned about the money as they are the immunity from investor lawsuits. Therein lies the brass ring on this merry go round since they know what dirt lies beneath their deals..

  22. Maggie May says:


  23. leapfrog says:


    “The removal of California from the discussions is a major blow…”

    GOOD! I’m amazed Kamala has broken from the settlement, but I am incredibly glad and cautiously optimistic.

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