Meet NY Attorney General Eric Schneiderman, Head of Obama's Special Mortgage Fraud Unit

by 26 Jan 2012
At Tuesday's State of the Union Address, Obama announced that he would be creating a new task force within the Consumer Financial Protection Bureau to coordinate all investigations on the causes of the subprime mortgage crises.
  The man he picked to co-chair that task force is New York's Attorney General, Eric Schneiderman. It's not a surprising choice. Schneiderman been aggressive in investigating banks for mortgage fraud in New York, and  has taken a leadership role in mortgage fraud settlement negotiations between banks and state AGs around the country. Here's what he had to say about his new job (from the L.A. Times): "We’re undertaking a more coordinated effort to pull together all of the various strands of investigations relating to the conduct that created the mortgage-backed securities bubble and led to the market crash...There have been investigations going on in various states and branches of the federal government...We’re now making a concerted effort to pull everything together and move forward aggressively to address these issues." Basically, if you're not a New Yorker (Schneiderman is a former State Senator) and didn't know him before, get ready to know him now. We're making it easy for you.
By Linette Lopez
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