Kamala Harris needs to Explain Failure to Prosecute Mnuchin Before She can Run in 2020
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Kamala Harris needs to Explain Failure to Prosecute Mnuchin Before She can Run in 2020

Kamala Harris is a newly minted Senator from California, and may quickly become a forerunner for the Democratic nomination for President in 2020.

There however is also serious problem that is going to linger from her role as California’s Attorney General. This problem relates to Steven Mnuchin, and it relates to the failure to prosecute him and his bank when presented with overwhelming evidence.

This memo outlines a compelling case by prosecutors saying that they had found over 1,000 cases of foreclosure fraud by a bank that Mnuchin owned had occurred between 2009 and 2015. The memo also predicts that a further investigation would uncover thousands more.

Yet, in spite of what is also described in the memo as “widespread misconduct”, Harris office declined to file a civil enforcement action and closed the case.

At this point, it is unclear whether Trumputin, our democracy and/or the Democratic Party can survive until 2020, but if all of these things do survive, Harris is going to need to explain how she turned her back on overwhelming evidence of mortgage fraud before she can be the 46th President.

Compare mortgage rates here.

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding BestCashCow in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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