I believe the answer is yes. I think the problems are so wild and out of control that most of them will come under some kind of investigation or suit eventually. I think the only reason we’re not seeing major action so far is the problems are just too big and unwieldy…but Christmas is over and these problems are not going away…..time for us all to dig in and get to work….
SAN FRANCISCO (Reuters) – Kamala Harris takes over as California’s attorney general next week with dodgy bank foreclosure practices in her sights and lawsuits against major banks in her realm of possibilities.
For the up-and-coming Democratic star — the state’s first woman, South Indian and African American attorney general — her predecessor and California Governor-elect Jerry Brown is a model to follow in cracking down on lenders.
But while Brown scored an early settlement against banks as home foreclosures mushroomed in California, other states have been more aggressive of late. Borrower activists are hoping Harris will make the most populous U.S. state a more powerful ally against the banks.
