Last night's presidential address was all about the state of our great nation, but New Yorkers got a nod with the announcement that our very own attorney general will head a new task force charged with investigating abusive lending and risky mortgages. You know, all that fun stuff that led to the housing crisis and destroyed our economy...
New York Attorney General Eric Schneiderman will chair the new unit, which Barack Obama discussed in his speech last night, saying the group will target Wall Street and the big, bad banks and mortgage lenders that messed everything up for the rest of us.
"This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans," he said.
A task that big requires a New Yorker like Schneiderman, who was formerly a state senator representing the Upper West Side before he became the state's top law enforcement officer. More »