In a surprise move yesterday, California Attorney General Kamala Harris rejected the proposed 50 state deal settlement on mortgage fraud.

The negotiations with banking interests are being led by Iowa Atty. General Tom Miller. New York Attorney General Eric Schneiderman has been critical of the direction that these negotiations have taken. However he has not withdrawn from the deal as yet.

“In a letter sent Friday to Associate U.S. Attorney General Thomas Perrelli and Iowa Attorney General Tom Miller, who have been leading the negotiations, Ms. Harris said her decision to break off from the group was driven by two key concerns. “It became clear to me that California was being asked for a broader release of claims than we can accept and to excuse conduct that has not been adequately investigated,” she said.

Harris’s decision to break from the probe comes somewhat as a surprise since it was her counterpart in New York, Eric Schneiderman, whose been making threats to break from any agreement that didn’t allow him to pursue claims against banks on his own.”
(Read the Forbes article here)

Read the full story at:
http://www.dailykos.com/story/2011/09/30/1021693/-Big-News:-CAs-AG,-Kamala-Harris,-Says-No-Deal-Refuses-to-Bow-Down-to-the-Banksters