Kamala Harris explains decision to exit mortgage settlement talks

California Atty. Gen. Kamala Harris just announced that she is bowing out of national efforts to reach a settlement with banks over their handling of mortgage foreclosures. 

She delivered the news to Iowa Atty. Gen. Tom Miller, who has been leading the efforts.

Read the letter: "There now exists a proposed settlement that is inadequate for California homeowners"

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-- Alejandro Lazo and Nathaniel Popper