Wednesday, January 25, 2012

This ...

Is one of the best things to come out of the State of the Union:

(CNN) -- New York Attorney General Eric Schneiderman will head a task force to investigate housing practices, a senior administration official said early Wednesday.

During Tuesday night's State of the Union address, President Barack Obama said he was asking U.S. Attorney General Eric Holder to create a special unit made up of prosecutors and state attorneys general to "expand our investigations into the abusive lending and packaging of risky mortgages."

Obama also said a "Financial Crimes Unit" was in the works. The group will be charged with cracking down on "large-scale fraud" in an effort to protect the public's investments.

Let's hope they don't neuter him under pressure from their donors.


montag said...

We hope this is not a very clever diabolical plot to co-opt AG Schneiderman.

Gordon said...

I hope all 50 AGs do this.