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Reply to "What happens to Kamala’s momentum now the DNC is over?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]She was CA AG and got the huge mortgage settlement. Other states were caving to big banks and going to accept a smaller settlement - she didn’t blink. As goes California so does the rest of the nation. Homeowners screwed by banks all over the nation benefited from AG Harris work. And she was CA AG when Beau Biden was DE AG - where all those f:::ing banks are incorporated. You don’t think AG Biden didn’t tell VP Biden about AG Harris’ negotiating skills and will of steel. He sure the f did. That’s how she ended up as VP Harris. Debate….bring it. [/quote] That "huge mortgage settlement" success is questionable..... [quote]But consumer advocates who worked with California homeowners during the mortgage crisis say the most vulnerable – limited English speakers, the disabled, widows and minorities - had the least luck obtaining relief. "What we heard repeatedly was people who should be getting loan modifications weren’t getting them," said Kevin Stein, deputy director of the California Reinvestment Coalition, an association of about 300 nonprofit consumer finance groups. The state did not track individual consumers who applied for or received help under the settlement, or gather information on ethnicity, income or other circumstances. However, repeated detailed surveys of California Reinvestment Coalition's member organizations during the financial crisis showed the difficulty credit counselors had obtaining help for their clients. The surveys, seen by Reuters, highlight in particular the trouble faced by disadvantaged groups. Sams said Harris brought numerous mortgage fraud cases, including several against middlemen who profited from predatory loans. State records show the attorney general's mortgage fraud strike force filed 41 cases during her tenure. Of the roughly $18 billion offered to consumers to reduce what they owed on loans, about $9.2 billion was used to forgive money lost when people sold their homes for less than they owed, known as a short sale. Another $4.7 billion was used to forgive some or all of the money owed on second mortgages. Putting nearly $14 billion toward short sales and second mortgages allowed the banks to use settlement money to reimburse themselves for money they might have lost anyway, said Bruce Marks, founder of the Neighborhood Assistance Corporation of America, a national nonprofit home ownership and advocacy organization that was active in California during the crisis. Marks said Harris stepped back once the big settlement was negotiated, however, and failed to aggressively police the way the money was used. "That would give me pause supporting her," Marks said. And because the state did not keep track of individual consumers and what happened to them, there is no way to know how well her solutions really worked. "It was very impressive politically," said Thornberg, director of the University of California, Riverside, Center for Economic Forecasting and Development. "But we don't really know ultimately if she moved the needle."[/quote] https://www.reuters.com/article/world/kamala-harris-stood-up-to-big-banks-with-mixed-results-for-consumers-in-crisis-idUSKCN1SF0Z4/ [/quote] Guess you should vote for Trump then. I’m sure there is extensive information on precisely which individual consumers he has helped. [/quote]
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