Nevada Attorney General Catherine Cortez Masto and California Attorney General Kamala Harris say by working together their two offices will more effectively prosecute cases, especially against people who broke the law in both states. Harris says theirs is a very broad mandate.
HARRIS: 'Look at all of the activities that were part of the origination of sub-prime loans, the scams and frauds, that were, as we have discussed, basically were preying on the borrowers were in distress."
Harris says the two states have already subpoenaed millions of
documents. California has been investigating Fannie Mae and
Freddie Mac. Nevada and California have led the nation in per
capita foreclosures for 58 consecutive months, according to the
real-estate service Realty Trac.