News Panel: The latest on the foreclosure deal, Prop 8, and more
California is among 49 states to reach a $25 billion foreclosure abuse settlement with five of the largest mortgage lenders, including Bank of America and Wells Fargo. Attorney General Kamala Harris said her tough negotiating helped raise California's share from $4 billion to $18 billion and left the door open for future prosecution of fraudulent lenders. However, there are calls to bring broader relief to struggling home owners not covered by the current settlement. Proponents of same-sex marriage celebrated the Ninth Circuit Court's 2 to 1 decision overturning Proposition 8, ruling that California's voter approved ban is unconstitutional because it violates the rights of a minority group. The issue may go next before the U.S. Supreme Court. Caltrans officials announced this week that the $6.3 billion Bay Bridge overhaul will be completed by Labor Day, 2013. The westbound direction is scheduled to be shut down over President's Day weekend, weather permitting, for the next major phase of construction. On the other side of the bay, construction on the Doyle Drive approach to the Golden Gate Bridge could run into costly delays due to a funding shortfall.
- Aaron Glantz, The Bay Citizen
- Scott Shafer, KQED Public Radio
- Tom Vacar, KTVU News