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Tue Jan 24, 2012, 01:11 PM

Justice Democrats Still Holding Out on Foreclosure Fraud Settlement.

The New York Times describes the foreclosure fraud settlement in terms of inches. They say that a deal is “closer,” but they give little evidence to back that up. In fact, there’s more evidence here that the key AGs involved, who did not personally attend Monday’s session in Chicago with Shaun Donovan and other Administration officials, aren’t too keen on the terms. (I think I was the very first to report that the key AGs wouldn’t be at the meeting, by the way.)

This month, about 15 Democratic attorneys general who shared concerns about the course of the settlement talks met in Washington, including Ms. Coakley, Mr. Schneiderman, Catherine Cortez Masto of Nevada and Beau Biden of Delaware, who is a son of Vice President Joseph R. Biden Jr.

A week after the meeting, Mr. Donovan announced that a deal was “very close.” But none of those four attorneys general attended the meeting on Monday.

Neither did another important holdout, Kamala Harris, California’s attorney general, who opposed earlier proposed agreements …

http://www.beaubiden.com/news/2012/fdl-justice-democrats-still-holding-out-on-foreclosure-fraud-settlement/

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