In JPM settlement, CA AG Harris raises profile

They say that AG doesn't stand for attorney general — it stands for "aspiring governor." In California, the saying certainly seems true for current Attorney General Kamela Harris, who has been carving out a name for herself by pursuing banks over their bubble-era lending practices.

Bloomberg takes a look at the California AG's political aspirations:

This month, Harris secured another victory, getting her own $300 million chunk of the landmark $13 billion JPMorgan Chase & Co. mortgage settlement.

Harris hasn’t let up on her effort to chase down wrongdoing tied to the 2008 financial collapse. She is pursuing Standard & Poor’s, accusing it in a $1 billion lawsuit of falsifying ratings on mortgage-backed securities, a claim that may result in triple damages….

Harris, 49, who gave a speech for President Barack Obama at the 2012 Democratic National Convention, is seen as a strong candidate in 2018 to succeed fellow Democrat Jerry Brown after they each serve one more term in their current posts. Such a candidacy would give Californians a chance to elect their first black, female and Indian-American governor.


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