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The Boston Globe

Business

Coakley not ready to say settlement with banks is best choice

As dozens of attorneys general around the country sign on to a multibillion dollar settlement deal with major US lenders related to the companies’ role in the country’s foreclosure crisis, it is still unclear whether Massachusetts will participate.

Massachusetts Attorney General Martha Coakley declined to comment yesterday but has long been critical of the talks—which have stretched out for months—saying she doubts any agreement will offer adequate help to struggling borrowers here. Coakley also wants to address problems related to lenders who seized homes without having the proper documentation.

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