The American government finally has something to show for the some of the largest banks in American preying on the American people and taking the economy down while they did it: a $28 Billion settlement. The settlement was agreed upon by the big five mortgage providers (Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial) and 49 of the 50 attorney generals. This comes after months of talks and holdouts by the attorneys general of Delaware, California, Nevada, and New York’s own Eric Schneiderman, who wouldn’t agree to the settlement until they felt they’d won something for their states.
But there were only 49. The 50th A.G., the one who didn’t join? It’s Scott Pruitt, the Attorney General of Oklahoma. Why did he hold out? Read More