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California Pulls Out of Foreclosure Settlement Talks

HeadlineOct 07, 2011

California has pulled out of talks between the attorneys general from all 50 states and some of the nation’s largest banks over the banks’ foreclosure abuses to force thousands of people out of their homes. California Attorney General Kamala Harris says she will not agree to a settlement with the banks because the proposal under discussion is “inadequate” and fails to hold bank executives accountable for their practices. Harris says she will negotiate a settlement with the banks outside of the joint track pursued by the other states.

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