Mr. Schneiderman and the Banks
The Obama administration wants to reach a broad settlement with some of the nation’s banks over some sketchy foreclosure practices they have allegedly engaged in during the past few years. But New York State Attorney General Eric Schneiderman is resisting pressure from Washington to sign on to the proposed settlement. He and several colleagues argue that the settlement would make it more difficult for them to prosecute banks suspected of wrongdoing.
Mr. Schneiderman’s position is admirable. If he believes the settlement is not in the best interests of New York consumers, he should continue to resist. Read More
