MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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California Quits States’ Talks With Banks on Mortgages
By artappraiser on Fri, 09/30/2011 - 8:38pm |By Louise Story, New York Times, Sept. 30/Oct. 1, 2011
A decision on Friday by a California official to withdraw from negotiations with large banks over their mortgage practices threatens to derail a broad settlement brokered for nearly a year by the Justice Department.
The proposal being sought by the big banks “is not the deal California homeowners have been waiting for,” wrote Kamala D. Harris, the state attorney general, in a letter to those leading the talks. It is “inadequate,” she wrote....
URL:
http://www.nytimes.com/2011/10/01/business/california-quits-states-talks-with-banks.html?_r=1&hp
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