Friday, August 26, 2011

Under fire, N.Y. AG wins praise from NAACP & organized labor in mortgage probe


NEW YORK (Reuters) - The New York attorney general's booting from a panel of state officials negotiating a settlement of mortgage abuses may shore up his political base and enforcement agenda.

Eric Schneiderman's resistance to a possible $25 billion settlement being negotiated with the largest mortgage servicers has already drawn praise from groups representing minorities and organized labor.

"Anybody who takes on the banks is a hero," political consultant Hank Sheinkopf said. "Whether he gets anything done is another story. In politics, it's not what you do, it's how you do it."

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