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SOTU: Schneiderman will co-chair mortgage probe (updated) [View all]
Last edited Wed Jan 25, 2012, 02:30 AM - Edit history (2)
SOTU: Schneiderman will co-chair mortgage probe
Attorney General Eric Schneiderman will co-chair a presidential task force intended to identify the causes of the mortgage meltdown — an assignment handed to him by President Barack Obama as part of the State of the Union message.
Obama made the announcement during a section of the speech devoted to tougher financial oversight, calling on federal AG Eric Holder to create the unit. Schneiderman was not mentioned by name, but his office confirmed his new role and that he was in Washington for the speech.
Schneiderman’s new role was first reported after 8 p.m. by the Huffington Post, which has been covering Schneiderman a whole lot lately.
<...>
Just after Obama mentioned the new unit, Schneiderman’s office released this:
- more -
http://blog.timesunion.com/capitol/archives/109262/sotu-schneiderman-tapped-to-co-chair-mortgage-panel/
Attorney General Eric Schneiderman will co-chair a presidential task force intended to identify the causes of the mortgage meltdown — an assignment handed to him by President Barack Obama as part of the State of the Union message.
Obama made the announcement during a section of the speech devoted to tougher financial oversight, calling on federal AG Eric Holder to create the unit. Schneiderman was not mentioned by name, but his office confirmed his new role and that he was in Washington for the speech.
Schneiderman’s new role was first reported after 8 p.m. by the Huffington Post, which has been covering Schneiderman a whole lot lately.
<...>
Just after Obama mentioned the new unit, Schneiderman’s office released this:
“I would like to thank President Obama for his leadership in the creation of a coordinated investigation that marshals state and federal resources to bring justice for the victims of the misconduct that caused the mortgage crisis.
“In coordination with our federal partners, our office will continue its steadfast commitment to holding those responsible for the economic crisis accountable, providing meaningful relief for homeowners commensurate with the scale of the misconduct, and getting our economy moving again.
“The American people deserve a robust and comprehensive investigation into the global financial meltdown to ensure nothing like it ever happens again, and today’s announcement is a major step in the right direction.”
Update: The White House has provided more background on the new panel, which will be specifically tasked with investigating misconduct that contributed to the mortgage meltdown through the pooling and sale of residential mortgage-backed securities.
“In coordination with our federal partners, our office will continue its steadfast commitment to holding those responsible for the economic crisis accountable, providing meaningful relief for homeowners commensurate with the scale of the misconduct, and getting our economy moving again.
“The American people deserve a robust and comprehensive investigation into the global financial meltdown to ensure nothing like it ever happens again, and today’s announcement is a major step in the right direction.”
- more -
http://blog.timesunion.com/capitol/archives/109262/sotu-schneiderman-tapped-to-co-chair-mortgage-panel/
Udated to add this link, worth checking out: http://www.stopfraud.gov/news-index.html
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