Wednesday, August 24, 2011

New York AG Removed From Group Working on Foreclosure Deal


Aug. 23 (Bloomberg) -- New York Attorney General Eric Schneiderman was removed from a state group working on a nationwide foreclosure settlement with U.S. banks because his office “actively worked to undermine” its efforts, the Iowa official leading the talks for the states said.

Schneiderman, who doesn’t want a settlement to block state investigations, was removed from the executive committee of state officials working on the deal, Iowa Attorney General Tom Miller said today in a statement.

“New York has actively worked to undermine the very same multistate group that it had spent the previous nine months working very closely with,” Miller said. For a member of the executive committee, that “simply doesn’t make sense, is unprecedented and is unacceptable,” Miller said.

Read on.

Stay the course, Schneiderman. Don't cave in to the banksters.

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