Katherine Porter Appointed Overseer of California Settlement with Big Banks…Here We Go Again!

jurnei's avatarForeclosure Nation

Kamala Harris, CA’s Attorney General,  announced today that Katherine Porter, a law professor of UC Irvine was appointed

to oversee the Big Banks follow through in the recent Settlement.

Don’t you just love late Friday news!

Porter, a UC Irvine law professor, is a former student of Elizabeth Warren, the onetime Harvard Law School professor who led a watchdog committee to oversee the 2008 banking bailout, helped conceive the new Consumer Financial Protection Bureau and is now a candidate to represent Massachusetts in the U.S. Senate.  Well we all know that the Big Bank bailout didn’t help us much as it only kept the Big Banks around longer so they could come back and steal our homes to collect on foreclosure insurance policies that padded their pockets.  

The LA Times reports that Porter, a specialist in foreclosures and bankruptcy,  performed a study in 2007 that offered evidence of the types of mortgage servicing abuses and foreclosure…

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Author: timothymccandless

I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked.

One thought on “Katherine Porter Appointed Overseer of California Settlement with Big Banks…Here We Go Again!”

  1. Well, I thought Elizabeth Warren was on the side of justice. (?)
    How do these people get to be law professors just out of law school? What experience do they have in the field, and especially real estate law? It’s befuddling.

    Most attorneys still don’t know how to perform a quiet title action, according to a paralegal I know of who is traveling around the country offering workshops to attorneys.

    Reply

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