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Obama taps Schneiderman for mortgage task force

Jan 26, 2012 12:06 am
[caption id="" align="alignleft" width="170" caption="Eric Schneiderman, from Wikipedia."][/caption]New York's Attorney General Eric Schneiderman has been tapped to "co-chair" a presidential task force investigating the causes of the mortgage meltdown, according to the Times-Union's Capitol Confidential. Schneiderman was a critic of what he saw as a lenient draft settlement agreement between the nation’s biggest banks and a collection of other attorneys general. He and Delaware AG Beau Biden have separately pursued their own investigation. President Barack Obama referred to the initiative during his State of the Union address Tuesday night, calling on U.S. Atty. General Eric Holder to create the unit. Schneiderman will co-chair the newly christened Unit on Mortgage Origination and Securitizations Abuse with officials at the Department of Justice, SEC, and IRS. Read the full story in Capitol Confidential.