Back Off Banksters! NY AG Fights Back After Being Kicked Off 50 State Robo-signing Investigation

After being pushed off a national panel of state attorneys general looking into subprime mortgage abuses, Eric Scheiderman is basically telling the guys who ousted him where to file their briefs.

As we noted in Wake-Up Call, Reuters reported that Schneiderman, a Democrat in his first term as AG, “has voiced concerns over a proposed settlement between major banks and a coalition of federal and state officials over claims of foreclosure abuses. He has come under increasing pressure to approve the deal.”

Schneiderman is certainly framing himself as the good guy in this situation — someone who wants to delve deeply into mortgage irregularities instead of simply reaching a fast settlement and getting the whole thing over with.

In an email to campaign supporters today, which came with the subject line “Standing Up For You,” he wrote:

“You might have been following the latest developments related to the national settlement of the mortgage probe, including this story in today’s Huffington Post about our tough fight for a comprehensive resolution to this crisis.

“Let me tell you directly: I am deeply committed to pursuing a full investigation into the misconduct that led to the collapse of America’s housing market, and to seeking a resolution that gives homeowners meaningful relief, allows the housing market to begin to recover, and gets our economy moving again.

“Our ongoing investigation into the housing crisis cannot be shut down to accommodate efforts to settle quickly and give banks and others broad immunity from further legal action. If you have any thoughts or concerns about this critical issue, please contact me at 1-800-771-7755, or send a message via Facebook or Twitter.”


SOURCE: NY DAILY NEWS