Friday, September 30, 2011

Good news from California

According to the latest reports, California Attorney General Kamala Harris is pulling out of the 50 state Bankster Giveaway talks.
The state of California is pulling out of multi-state negotiations with large U.S. banks to resolve allegations of mortgage abuses, according to a letter obtained by Reuters, dealing a sharp blow to long-running efforts to secure a broad settlement.

California Attorney General Kamala Harris wrote in a letter on Friday that she will pursue her own investigation.

"California was being asked for a broader release of claims than we can accept and... the relief contemplated would allow too few California homeowners to stay in their homes," Harris said in a letter to government officials leading the talks.
Two of the largest and most important states, California because of the number of screwed homeowners and New York because most of the loans were securitized under NY law, have pulled out. This should kill the talks so now the Bankster will have to rely on their "bought buddies" in Congress to save their bacon.

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