Eric Schneiderman Challenges Obama Administration Over Mortgage Investigations


Eric Schneiderman Challenges Obama Administration Over Mortgage Investigations

WASHINGTON — New York Attorney General Eric Schneiderman has privately criticized the Obama administration and the Department of Justice for not aggressively investigating dodgy mortgage deals that helped trigger the financial crisis, according to senators and congressional aides who met with him this month.

New York’s top prosecutor is co-chair of the administration’s year-old Residential Mortgage Backed Securities Working Group, an initiative that President Barack Obama called for in his State of the Union address last year. In a sign of Schneiderman’s importance to the group, the White House seated him behind Michelle Obama during the speech.

Schneiderman, a Democrat who has attempted to investigate Wall Street, expressed his frustrations with the administration earlier this month during private meetings with Democratic senators on Capitol Hill, arguing that he was “naive” when he first entered into the partnership with the Justice Department, lawmakers and their aides said.

Critics of Schneiderman’s collaboration, which came in exchange for his assent to a national mortgage settlement, warned at the time that the attorney general was being played. His recent criticisms of the administration may renew allegations that he, too, has compiled a lackluster enforcement record.

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2 Responses to “Eric Schneiderman Challenges Obama Administration Over Mortgage Investigations”
  1. Sarah says:

    I thought Schneiderman completely caved, and this was evident early on. Private criticism is no public. Don’t worry, the US Gov’mint will make sure Lance Armstrong atones for being “unjustly enriched”

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