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On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the practice of chopping up assets like mortgages and converting them into saleable securities – that led up to the financial crisis of 2007-2008.
On the other side is the Obama administration, the banks, and all the other state attorneys general.
This second camp has cooked up a deal that would allow the banks to walk away with just a seriously discounted fine from a generation of fraud that led to millions of people losing their homes.
Filed under: Action Alert!, activism, Corporations, new york, New York State Politics, News, politics Tagged: | Eric Schneiderman, Financial crisis of 2007–2010, Matt Taibbi, New York Attorney General, Obama Administration, State attorney general
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