Yes, Really, Truly, No Joke, That Schneiderman Mortgage Task Force is Gonna Get Someone… Soon!

Yes, Really, Truly, No Joke, That Schneiderman Mortgage Task Force is Gonna Get Someone… Soon!

I’m sure the banksters are quaking in their boots. Eric Schneiderman, the New York state attorney general whose joining a heretofore moribund mortgage fraud task force and withdrawing from opposition to the horrid mortgage settlement allowed the Administration to push the bank-friendy deal across the line, is now making noises that really, truly, he and his Federal best buddies are gonna nail some baddies really soon. From Reuters:

The mortgage task force formed by President Barack Obama to probe misconduct that contributed to the financial crisis will soon take legal action, New York Attorney General Eric Schneiderman said on Thursday.

Schneiderman, a co-chair of the task force, would not say whether cases would be brought against individuals or financial institutions. He also would not comment on whether criminal charges would be filed.

But he said his office would take action and that he expected his federal counterparts on the task force to do so as well.

“We’ll see actions being taken sooner rather than later,” said Schneiderman, speaking in an interview at his office in New York.

The Residential Mortgage-Backed Securities Working Group was formed in January, to probe the pooling and sale of risky mortgages in the runup to the 2008 financial crisis. Obama said he was creating the group to “hold accountable those who broke the law” and “help turn the page on an era of recklessness.”

Schneiderman said he believes it is still necessary to go after the “bad actors” to restore confidence in the financial markets.

“It’s important to convey the sense that no one is above the law. There’s a set of rules to which all will be held accountable, including big players on Wall Street,” Schneiderman said.

Rest here…


2 Responses to “Yes, Really, Truly, No Joke, That Schneiderman Mortgage Task Force is Gonna Get Someone… Soon!”
  1. keepon says:

    Not only New Yorkers! Remember how we all wrote letters of support to Schneiderman when he came out: ‘gonna get the bad guys six guns blazin.’ I still have his office’s letter of response, somewhere in these mounds of paper, thanking me in return for the support.

    Once again, what a fool I am. I believed him to be thee ‘top cop’ who was going to kick a li’l bangster ass. Really- never suspected for a minute he’d be an Obama sell-out. He was Justice!

    Think that’s exactly the same way I got into foreclosure. And there I go again- even after foreclosure- thinking I was sooo much smarter & paying soo much more attention- and Schneiderman ‘gets over on me!’

    Why didn’t I think ahead that the bank was giving me a mortgage because they were betting on me to fail? Why didn’t I think ahead ‘oh, these docs a robosigned, and reneg on the deal? Why didn’t I know ahead of time that this was a scam happening 600 million times me and not just in the continental US, but globally? Why didn’t I think that everybody in banking, and government and justice is ‘in-on-it?’

    And why didn’t I think not one law was broken and that my government would embrace it all?

  2. Bobbi Swann says:

    I won’t say that I said it before….but Schneiderman is just a fart in the wind. Nothing more. His aspirations are i the WH in a position that is handed out and not voted in. And he does not care that he has lost the faith of his New Yorkers!

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