Los Angeles City Attorney Carmen Trutanich has filed a second lawsuit against a big bank, trying to force the clean-up of foreclosed properties that have made some neighborhoods magnets for crime. US Bank is the latest target to claim Trutanich is after the wrong party. How many houses are in decline? If the bank's not responsible, who is? We talk with Trutanich and others. Also, criminal grand jury proceedings are underway against one of LA County's three elected officials. Did Assessor John Noguez lower assessed values for campaign contributors? On our rebroadcast of today's To the Point, does Mitt Romney have something to hide?
FROM THIS EPISODE
Months of investigation have turned into a grand jury investigation of LA County Assessor John Noguez. Along with the DA and the Sheriff, he was elected countywide. He's now on paid leave pending potential criminal charges. Jack Dolan is covering the story for the LA Times.
Mitt Romney is campaigning as a successful businessman who could create jobs and improve America's economy from the White House. That's based on the fortune he made at Bain Capital. He says he left the firm in 1999 to go run the Summer Olympics in Utah, so he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that. But the Boston Globe says documents filed with the Securities and Exchange Commission show otherwise. We hear why fellow Republicans are urging transparency—for the sake of his presidential campaign.
Los Angeles City Attorney Carmen Trutanich has filed a second lawsuit against a major bank for consequences of the foreclosure crisis. First it was Deutsche Bank of Germany; now it's US Bank of Minneapolis, a major player here in LA. US Bank is accused of letting 150 foreclosed homes to fall into disrepair, creating blight in their neighborhoods, including drug dealing and prostitution.
Carmen Trutanich, Los Angeles City Attorney (@CarmenTrutanich)
Peter Kuhns, Alliance of Californians for Community Empowerment
Stuart Gabriel, UCLA's Ziman Center for Real Estate (@uclaanderson)