Californians Put Pressure on AG Kamala Harris to Get Tough On Crooked Banks

As marchers take to the streets in Oakland, a concentrated effort by activists throughout the state is leveraging pressure on the California Attorney General to take on the banks, and to stand strong in notsettling with the banks over crooked practices, as the Obama Administration wants all 50 Attorney Generals to do.

From the CREDO Action press release:

Thousands of CREDO members have sent faxes and made calls to Attorney General Kamala Harris, urging her to not give into Obama Administration pressure to join 50-state settlement negotiations with banks that would have let them off the hook for unscrupulous mortgage and foreclosure practices.

California's participation is central to the settlement talks. Without California's involvement, a large portion of claims the banks hope to settle will remain unresolved, and the chances of a national settlement will be dramatically lower. Media reports have come out indicating that the terms of the settlement being discussed have been changed to appeal to Attorney General Harris.

Becky Bond, Political Director of CREDO, said, “While people are out in the street marching on the banks, the real action is going on in the offices of California's Department of Justice.”  Bond continued, “Kamala Harris is making decisions right now which will literally determine whether the Wall Street banks will ever be held accountable for their crimes -- California is ground zero for the housing crisis, and our Attorney General, Kamala Harris, has a special responsibility to punish the bankers who drove our economy off a cliff.”


AlterNet / By

Posted at November 2, 2011, 7:12am

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