(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.
2 comments:
We hope this is not a very clever diabolical plot to co-opt AG Schneiderman.
I hope all 50 AGs do this.
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