Kamala Harris' mortgage meltdown record under scrutiny as campaign heats up

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43. Rebuttal on the issue

The following was written by Roger Sollenberger, a self-proclaimed progressive (bold is my addition):

But Harris chose not to prosecute OneWest Bank or its CEO—who was at the time our current Treasury Secretary Steven Mnuchin—even though her department recommended prosecuting him. (Harris was the only Democratic Senate candidate Mnuchin donated to in 2016, but she still voted against Mnuchin in his Senate confirmation.)

When asked about the case, Harris said her department followed the evidence where it led. There’s reason to trust her. Ian Sams, the Harris campaign’s national press secretary, told CNBC, “There was no question One West conducted predatory lending, and Senator Harris believes they should be punished. Unfortunately, the law was squarely on their side and they were shielded from state subpoenas because they’re a federal bank.” A memo the California Justice Department wrote at the time backs this up, saying, “the investigation was hampered by our inability to subpoena OneWest.”

And guess what? Once Harris got to the Senate she acted to fix this awful flaw. She co-sponsored a bill with Elizabeth Warren and Dianne Feinstein—called the “Accountability for Wall Street Executives Act”—that would let state law enforcement agencies issue subpoenas in bank fraud investigations.

A few details makes this far less accusatory and/or negligent on Harris' part, and the fact that once in the Senate she worked diligently to correct the legal flaw is a definite check mark in her favor.

Source here:

https://www.pastemagazine.com/articles/2019/02/the-case-for-kamala-harris.html