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Bank Of America Deal A Victory For New York Families

Eric T. Schneiderman | Posted 10.21.2014 | Politics
Eric T. Schneiderman

This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.

Eleazar David Melendez

Banks Could Owe HOW MUCH For Housing Boom Fraud?

HuffingtonPost.com | Eleazar David Melendez | Posted 02.26.2013 | Business

A verdict delivered earlier this month by a prominent federal judge heightens the prospect that the nation’s largest financial institutions will be ...

The One Big Thing Missing From the JPMorgan Chase Lawsuit

Mark Gongloff | Posted 12.03.2012 | Business
Mark Gongloff

Eric Schneiderman's lawsuit against Bear Stearns and JPMorgan Chase over mortgage-backed securities is like London at the start of the zombie movie 28 Days Later: devoid of human life.

Bank Probe Adds 'A Lot Of Overlapping Cooks In The Kitchen'

Reuters | Posted 05.01.2012 | Business

* DOJ subpoenas seek three years of documents * New group announced in State of the Union * Could slow down efforts to r...

AIG Offers To Buy Back Mortgage Securities From Fed

Reuters | Ben Berkowitz | Posted 05.25.2011 | Business

(Reuters) - American International Group (AIG.N) offered on Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. gove...

Shahien Nasiripour

Foreclosure Fraud: Megabanks At Risk As Analyst Identifies New Problems With Mortgages

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Pension funds and other investors who have suffered losses on mortgage-backed securities could have a "strong legal basis" to call into question the v...

Powerful Private Equity Firm Sued Over 'Reckless' Mortgage Fund

Posted 05.25.2011 | Business

The world's second-biggest private-equity firm was sued this week over its "reckless and grossly negligent" management of a failed mortgage bond affil...

ProPublica's (and NY Times') "Untold" Magnetar Story Creates Excuses for Wall Street and Washington

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Contrary to recent reports, Magnetar wasn't a previously unknown hedge fund, it did not create the synthetic CDO structure, and the magnitude of its role in the subprime crisis has been overblown.

Shahien Nasiripour

Money Manager Says Interest Rate Worries Are Unfounded

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

As the Federal Reserve's trillion-dollar intervention to prop up the housing market comes to an end, the Obama administration and others have focused ...