Courtesy of ZeroHedge. View original post here.
Submitted by rcwhalen.
"On February 9, 2012, Attorney General Kamala D. Harris announced an historic $18 billion settlement with banks to bring relief to hundreds of thousands of home owners… "
Below is a link to an excerpt from the AEI event last week, "Bubble Trouble: Beginning of the End?" My presentation starts about 0:52 into program.
One of the reasons that the US housing crisis is not nearly at an end is that in the Northeast, where states require judicial action for a lender to foreclose, there is a backlog of years in processing foreclsores.
CA AG Kamala Harris wants to change CA into a title state. If this happens, the CA real estate market will be irreparably damaged and the CA and US economies will tank. Watch this closely.
I will be writing more about this in The IRA this week.
Chris
