Congressman Brad Miller will not become the staff director of the celebrated working group investigating securities fraud by the big banks, according to a source close to the process. Miller was on progressives’ wish list to run the RMBS working group, which is co-chaired by Eric Schneiderman as well as members of the Department of Justice, a US Attorney’s Office and the SEC. The source said that the working group preferred an “experienced prosecutor” rather than a lawmaker for the position.
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