Are Schneiderman and Liberal Groups Selling Out to Obama on Bank Fraud?

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Are Schneiderman and Liberal Groups Selling Out to Obama on Bank Fraud?

Are Schneiderman and Liberal Groups Selling Out to Obama on Bank Fraud?

HuffPO-

If the president thought his mortgage investigation announcement would be an easy sell to progressive critics, he was only half right at best. The announcement — especially the appointment of New York Attorney General Eric Schneiderman — did win praise from a number of liberal groups.

But there were other headlines in the progressive Internet this morning, too: “Is Eric Schneiderman selling out?” asked prominent financial blogger Yves Smith. David Dayen called it “The Schneiderman Gambit.” “Nice Try, Mr. President,” said attorney/blogger Abigail Field.

Smith’s subheader says Schneiderman “joins Federal Committee that looks designed to undermine AGs against mortgage settlement deal.” Dayen’s reads, “Financial fraud unit appears designed to fail and grease skids for foreclosure fraud settlement.” Field’s says that “Breuer and Khuzami (two other unit leaders) have to go and indictments have to be immediate.”

[HUFFINGTONPOST]

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