50-state foreclosure probe loses several influential voices after midterm elections

[Robbien]

Iowa Attorney General Thomas Miller, the point man on the 50-state investigation into the foreclosure mess, won reelection this week. But a number of the other 13 attorneys generals on the inquiry's executive committee will leave in the coming months.

<snip>

In Ohio, Attorney General Richard Cordray -- a Democrat who was the first to sue a major lender over the foreclosure problems -- lost to Republican Mike DeWine. "A campaign website for Mr. DeWine lists job creation and opposing the health-care plan as his top priorities and makes no obvious mention of the foreclosure scandal, the multistate investigation or Mr. Cordray's lawsuit against GMAC," noted the Wall Street Journal. On Wednesday, DeWine declined to comment on the foreclosure issue, saying that the office will "evaluate each piece of existing litigation."


Another key official with experience dealing with mortgage companies -- Arizona Attorney General Terry Goddard (D) -- lost the race for governor. Goddard took the lead in negotiating a settlement, announced in October, with Wells Fargo. The lender, which was facing allegations of deceptive marketing, agreed to spend an estimated $772 million modifying loans for borrowers across the country.

Republican Tom Horne beat Democrat Felecia Rotellini to win Goddard's former job late Wednesday, ending the Democrats' 12-year-hold on the office.

Florida's Bill McCollum, also influential in the investigation, will be leaving at the end of this year, having lost in the GOP's gubernatorial primary. McCollum has been spearheading a probe into four "foreclosure mill" law firms. Republican Pam Bondi, a former state prosecutor, will take over as the new AG.

http://voices.washingtonpost.com/political-economy/2010/11/state_foreclosure_probe.html


The loss of Ohio's AG Cordray is a big hit to stopping fraud by banksters. Florida's McCollum is devastating also.

[notesdev]

1. Agreed, Cordray was a huge loss

much bigger loss than any of the House races, in terms of real impact. Cordray has the bankers up against the wall over foreclosure fraud.

[Robbien]

2. Today both JPMorgan Chase and Bank of America said they are resuming foreclosures

soon
http://dealbook.blogs.nytimes.com/2010/11/05/jpmorgan-to-resume-foreclosures-this-month/

The loss of some great AGs and the resumption of bankster foreclosures is probably a cause and effect situation.

[midnight]

3. Corporate personhood is paying off big time.....

[abq e streeter]

4. Once again, voters digging their own graves, and too fucking stupid to even realize it