National Mortgage Settlement All But Inevitable As California, New York Join Deal

[hay rick]

5. Wonder if Schneiderman put some teeth in the deal.

I have been skeptical of Obama's SOTU Financial Crimes Unit, given his ties to Wall Street and AG Holder's history of determined inaction. Concerning Holder-from an article at OpEd:http://www.opednews.com/articles/Obama-to-Grant-Banks-Robos-by-Gustav-Wynn-120121-502.html

"As it happens, four of the five banks involved in the settlement were clients of the DC law firm where both Attorney General Eric Holder and Lanny Breuer, the current head of the DOJ's criminal division, were partners. Reuters and Huffington Post report here that Holder opposed investigations into robosigning despite receiving ample evidence of forged or suspect documents going back to 2010, the same year deputies under both Holder and Breuer went back to work for to the same law firm."

Robert Kuttner speculates on "the deal" here:http://www.huffingtonpost.com/robert-kuttner/eric-schneiderman_b_1240453.html