Sunday, October 30, 2011

NY AG: Joint Criminal Probe With Delaware Counterpart Into Banksters' Foreclosure Fraud Role Ongoing

Bloomberg reports:

  • New York Attorney General Eric Schneiderman is working with his Delaware counterpart, Beau Biden, to investigate what he called possible “criminal acts” by financial institutions tied to the foreclosure crisis.

  • This was a man-made crisis -- it was created by regulatory neglect and greed,” Schneiderman said last night in a TV interview.

  • Beau Biden, who is the attorney general of Delaware, and I thought we really needed to dig in a little bit deeper,” Schneiderman told MSNBC’s Rachel Maddow. “We’re also looking at the conduct of individual institutions and individuals to see if there were misrepresentations made, to see if there was any fraud committed, to see if criminal acts were also a part of this.”

For more, see New York Working With Delaware on Criminal Foreclosure Probe.

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