ANS "info only" Fwd: Breaking: California's AG refuses to give in to the Big Banks

For your information only (I am not soliciting money for them or even signatures) -- I got this and I thought you all should know that we are not agreeing to the idea of letting the banks get off scott free for what they have done to too-trusting mortgage holders. 
--Kim

 
 

Dear Kim,

Yesterday, Attorney General Kamala Harris announced that she would NOT agree to the current settlement deal with the Big Banks since it is "inadequate for California." She refused to sign on -- despite monumental pressure from the Big Banks, as well as the Obama Administration.

Kamala Harris is a hero -- the spirit of courage -- fighting for right even if the establishment and conventional wisdom are against her.

Will you thank AG Harris for standing up for homeowners against the most powerful people in the world?

Only 48 hours ago, no one was sure if the potential settlement would deliver justice for the millions defrauded by the Big Banks, or if it would amount to bank bailout #2. AG Harris reviewed the details of the final proposal and believes it's closer to the latter. She told us it lacks sufficient transparency, financial relief for homeowners, and meaningful enforcement measures to ensure accountability -- three of the five principles you, Courage members, asked to her stand up for months ago. In doing so, she showed the sort of remarkable courage for which we named the Courage Campaign and which we strive to embody every day.

Click here to sign our thank you card to Kamala. If you're interested in helping us deliver it, let us know on the sign up page.

We are encouraged that President Obama announced his special mortgage task force headed by New York Attorney General Eric Schneiderman, and we hope it's a sincere effort to hold the Big Banks accountable for the fraud they perpetrated in the housing market. Investigation and prosecution for crimes is absolutely necessary, but it alone is not sufficient to sign onto a deal unless it meets our criteria for a truly good settlement.

Please join us in thanking Attorney General Kamala Harris for standing up for you and me, when a less courageous elected official would have wilted.

Yours in the fight for economic justice,

Rick Jacobs
Chair and Founder, Courage Campaign

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