Taking a Closer Look at Kamala Harris' Role in the Mortgage Settlement

Attorney General Kamala Harris was quick to trumpet her role in securing a nationwide mortgage settlement last week with a handful of major banks, citing her decision to walk away from talks with the banks and the federal government in the fall as a bargaining coup that landed more money for California homeowners. Some disappointingly lazy press accounts of the deal have echoed that line. But other reporters are actually asking what seem to be the vital questions on this story:

Was the settlement a good deal for distressed homeowners? And how important was Harris, the former district attorney of San Francisco, in forcing the Obama administration to abandon an earlier deal that was even more favorable to financial institutions?

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