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Eric Schneiderman

Foreclosure Fraud: Scoring the Deal, Continuing the Fight

Richard (RJ) Eskow | Posted 04.10.2012 | Politics
Richard (RJ) Eskow

The Federal government and the Attorneys General from 49 states have signed a deal with five major banks over charges of fraud, including reported acts of widespread perjury and forgery, in the so-called "robo-signing" scandal.

Robo-Signing Bank Settlement Is a Criminal Sell Out

Dennis M. Kelleher | Posted 04.10.2012 | Business
Dennis M. Kelleher

The banks engaged in a years' long pattern of what can only be described as fraudulent if not criminal conduct that would put anyone else in prison for years if not decades, yet banks get to buy off the cops with some money to help just a few of the victims they created.

The Top 12 Reasons Why You Should Hate the Mortgage Settlement

Yves Smith | Posted 04.10.2012 | Politics
Yves Smith

This settlement is yet another demonstration of who wields power in America, and it isn't you and me. It's bad enough to see these negotiations come to their predictable, sorry outcome. It adds insult to injury to see some try to depict it as a win for long suffering, still abused homeowners.

The Long War

Mike Lux | Posted 04.10.2012 | Business
Mike Lux

We'll win some but we'll lose some, and some of the time we will do both at the same time. That is the story of the robo-signing settlement that has finally become a done deal after many long months of struggle over it.

Loren Berlin

National Mortgage Settlement All But Inevitable As California, New York Join Deal | Loren Berlin | Posted 02.09.2012 | Business

A settlement between the nation's largest banks and the government over allegations of widespread mortgage fraud could come as early as Thursday, capp...

America's Biggest Banks: Poor, Poor Pitiful Us

Mike Lux | Posted 04.09.2012 | Business
Mike Lux

For about 16 months, we have been hearing that the settlement talks with the big banks are just about to close, but they never do, and it's clear that the major holdup now is bankers crying themselves a river, weeping, moaning, and gnashing their teeth.

CSI Missouri: A "Robo-Signing" Indictment in the Show-Me State

Richard (RJ) Eskow | Posted 04.08.2012 | Business
Richard (RJ) Eskow

Forgery and perjury are serious crimes. It's an even more serious crime to ask others to do it for you.

Loren Berlin

Banks Fear Mortgage Settlement Doesn't Protect Against Future Fraud Charges | Loren Berlin | Posted 02.07.2012 | Business

Executives at some of the nation's largest banks could be slowing down the national settlement over allegations of widespread mortgage fraud, concerne...

California And New York Mulling Signing On To National Mortgage Deal

AP | DEREK KRAVITZ | Posted 04.07.2012 | Business

WASHINGTON — California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a de...

Why Do Dangerous Financial Criminals Roam Free?

June Carbone | Posted 04.07.2012 | Business
June Carbone

If we want crooks behind bars -- and if want to stop future financial crimes -- we need to rebuild the foundation for effective prosecutions by appointing regulators who believe in the mission and have a proven record of success.

A Healthy Skepticism

Mike Lux | Posted 04.06.2012 | Business
Mike Lux

A healthy skepticism is an activist's best asset, and we need to keep banging away to hold the administration accountable in its belated response to mortgage fraud.

The Least of These, the Middle Class, and the Most Powerful

Mike Lux | Posted 04.04.2012 | Business
Mike Lux

I have always believed that ultimately, unless the good guys get hosed regarding how narrow the legal release language is, the administration's mortgage settlement is a sideshow.

Loren Berlin

New York AG Takes A Strike At Major U.S. Banks | Loren Berlin | Posted 04.04.2012 | Business

Three big banks were hit on Friday with yet another lawsuit related to wrongful foreclosures. Democratic New York Attorney General Eric Schneiderman f...

The Great Task Force and Settlement Debate

Mike Lux | Posted 04.03.2012 | Business
Mike Lux

The long rumored robo-signing settlement, which has been a few days away from being inked for about a year now, seems like it is moving toward completion.

Attorneys General: It's Time to Close the Deal

Janis Bowdler | Posted 04.03.2012 | Latino Voices
Janis Bowdler

It is time to deliver the first installment of relief for homeowners that have not a moment to lose.

New Obama Unit Co-Chair Talks 'Too Big To Fail'

The Huffington Post | Luke Johnson | Posted 01.30.2012 | Politics

WASHINGTON--New York State Attorney General Eric Schneiderman discussed his new role as co-chair of a Financial Crimes Unit Sunday on "Up With Chris H...

Eric Schneiderman: Hero or Goat?

Robert Kuttner | Posted 03.30.2012 | Business
Robert Kuttner

Given the administration's feeble record on prosecutions to date, the critics are right to flag the likelihood that people like Attorney General Eric Holder and SEC enforcement chief Robert Khazumi will try to sandbag Eric Schneiderman. But they shouldn't underestimate him.

Loren Berlin

Details Emerge of New Financial Fraud Unit | Loren Berlin | Posted 03.27.2012 | Business

The new financial crimes unit announced by President Barack Obama during Tuesday's State of the Union address will have the power to investigate mortg...

Loren Berlin

California Still Not Joining National Mortgage Settlement | Loren Berlin | Posted 01.30.2012 | Business

One day after New York Attorney General Eric Schneiderman was named co-chairman of a federal mortgage fraud task force, California Attorney General Ka...

Loren Berlin

Creation Of Obama's New Financial Fraud Task Force Feels Like 'Groundhog's Day' To Some | Loren Berlin | Posted 02.24.2012 | Business

The announcement that President Barack Obama would create a task force devoted to cracking down on financial fraud comes comes just three years after ...

Word of the Day: Accountabilty

Mike Lux | Posted 03.26.2012 | Business
Mike Lux

If Obama wants to run against Wall Street in the 2012 campaign, he needs credibility to do it, and he took a big step toward getting it last night. But victory can't be declared until the banks actually move several hundred billion in mortgage writedowns, and some indictments are issued.

State Of The Union-Announced Unit Faces Uphill Battle

Firedoglake | David Dayen | Posted 01.25.2012 | Politics

I'll pepper in my thoughts on the State of the Union Address throughout the day, but I would be remiss if I didn't start with the announcement of a Un...

Sam Stein

EXCLUSIVE: President Obama To Announce Mortgage Unit To Probe Financial Collapse | Sam Stein | Posted 01.24.2012 | Politics

WASHINGTON -- During his State of the Union address tonight, President Obama will announce the creation of a special unit to investigate misconduct an...

People Power vs. Banker Power: Score One For the People

Richard (RJ) Eskow | Posted 03.25.2012 | Politics
Richard (RJ) Eskow

Patti Smith wasn't wrong when she sang that "People have the powe." We do have the power to win a battle or two, even against those guys on Wall Street. We have more power than we realize -- but only if we're willing to use it.

Loren Berlin

Frustrated Attorneys General Hold Secret Meetings On Foreclosures | Loren Berlin | Posted 01.13.2012 | Business

Attorneys general or representatives from nearly 15 states met in Washington, D.C., on Tuesday to discuss and share different enforcement options and ...