Eric Schneiderman the New York Attorney General has hired a Prosecutor for the Mortgage Fraud there.
Remember Schneiderman is one of the only AGs that had not wanted to agree to the Obama settlement with the banks. But he did in the end, along with the other hold out AGs, due to the states actually getting the money instead of the homeowners affected by the Mortgage Foreclosure Fraud.
Portions from article:
New York Attorney General Eric Schneiderman has hired a former federal prosecutor to help bring lawsuits over misconduct in the mortgage-backed securities market during the financial crisis.
The Obama administration formed the task force in January to probe fraud and abuse in the mortgage-backed securities market. Schneiderman is co-chairman of the group. So far, little activity has been made public and federal authorities have been criticized for not pouring enough resources into the effort.
He has now hired a prosecutor for the Mortgage Fraud. There is no explanation of expectations for the prosecutor, but this is a step in the right direction. Not one charge has been filed against the banks for all the fraud they have committed. Maybe something will finally happen and people in Wall Street will be held accountable for the fraud. But don't worry, I am not holding my breath for that.
As always, if you want it done right, you have to do it yourself. He’s no different than any other political critter.
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