Eric Schneiderman promises aggressive financial fraud probe - LA Times

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Eric Schneiderman promises aggressive financial fraud probe – LA Times

Eric Schneiderman promises aggressive financial fraud probe – LA Times

If my fraud senses are correct, I anticipate foreclosure mills and those document mills, you know who I speak of to get the first whack.

The only thing I see keeping him from his promise is his Co-Chair in charge.

LA Times-

New York Atty. Gen. Eric Schneiderman, who was tapped by President Obama to lead a new Financial Fraud Enforcement Task Force, promised Wednesday to move aggressively to coordinate state and local investigations into the causes of the subprime mortgage market meltdown.

“We’re undertaking a more coordinated effort to pull together all of the various strands of investigations relating to the conduct that created the mortgage-backed securities bubble and led to the market crash,” Schneiderman told reporters in Washington after an event at the Consumer Financial Protection Bureau.

“There have been investigations going on in various states and branches of the federal government,” he said. “We’re now making a concerted effort to pull everything together and move forward aggressively to address these issues.”

He said the task force would go after “every aspect of the conduct that created the bubble and crash,” including the origination of mortgages and the packaging of them into securities.

[LA TIMES]

image: ibtimes

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