California may join probe of Wall Street's role in mortgage meltdown

[cal04]

Source: Los Angeles Times

New York's and Delaware's investigation could lead to criminal charges against financial executives. 'California was disproportionately harmed by the mortgage crisis, and our homeowners badly need relief,' the state's attorney general says.

California is considering joining New York and Delaware in a wide-ranging investigation into Wall Street's role in the mortgage meltdown that could lead to criminal charges against financial executives.

California Atty. Gen. Kamala Harris met with New York Atty. Gen. Eric Schneiderman on Thursday in San Francisco to discuss cooperating on the investigation, which is already one of the broadest to probe how banks encouraged the financial crisis through the creation of risky financial instruments backed by mortgages.

(snip)
Harris told The Times: "California was disproportionately harmed by the mortgage crisis, and our homeowners badly need relief. We will critically evaluate every possible avenue of relief for Californians. If it will result in real accountability and real results, no option will be off the table."

Read more: http://www.latimes.com/business/la-fi-mortgage-probe-20110715,0,1597161,full.story

[nadinbrzezinski]

1. GOOD

[villager]

2. I can't wait to vote for Kamala Harris for governor!

:thumbsup:

[OnionPatch]

4. I don't think we'd be seeing this involvment if that creepy Cooley had been elected.

Go Kamala!!!

[villager]

8. I don't doubt that for a sec. A nanosec.

n/t

[defendandprotect]

3. kr

[goforit]

5. All I wanna know is where the hell are all the titles to these homes.

[Hotler]

6. k&r n/t

[lunatica]

7. May high level heads roll

[closeupready]

9. K&R

nt

[proud patriot]

10. Raock On Harris .. I'm so glad I voted for you