Eric Schneiderman, co-chair of the newly titled “RMBS working group” investigating financial fraud, appeared on the Rachel Maddow Show last night (the interview starts around the 5:00 mark), and there were a few interesting moments. First you have his assessment of the the fraud involved here, which he definitively cast as a pre-crisis issue. Schneiderman, from his public statements, is less concerned with the faulty documentation used to foreclose on borrowers; I would imagine he sees this as the cover-up for the initial crime of securitization fraud, and going back even further origination fraud. He sees that as where the banks’ real exposure lies. And so the working group will look at “all of the conduct that blew up the economy,” not the conduct being engaged in to paper over (literally) all that.
Schneiderman’s RMBS Working Group: Resources, Jurisdiction and Will |
| By: David Dayen Saturday January 28, 2012 10:00 am |
Occupy Innovation |
| By: Gregg Levine Friday January 27, 2012 3:10 pm |
If the US fought for the post-carbon economy the way it fights for nebulous state-building goals in foreign wars, the future would be brighter, cleaner, safer and cheaper, with more jobs and perhaps – because it would need to secure less of that foreign oil -fewer wars. If the country built new classrooms with the same urgency it built armored vehicles, more American teens could be choosing between colleges instead of choosing between minimum and sub-minimum wage jobs – and fewer would eventually need public assistance. If the government spent more on blackboards and less on bullets, it would create more jobs today and more innovation in the future.
The Party Line – November 4, 2011: Self-Styled Clean Energy President Embraces Future That’s Dirty, Dangerous, and Expensive |
| By: Gregg Levine Friday November 4, 2011 3:25 pm |
So begins a November 3rd story from Reuters assessing the potential political fallout from an administration decision to green-light the Keystone XL pipeline, TransCanada Corp’s plan to move crude oil from the tar sands of Alberta to refineries in Texas. Reading the whole piece, one can’t help but feel that Obama is still of a mind to go ahead and OK this dangerous and much-derided plan, it is just the Obama 2012 campaign that’s agonizing over how to spin it.
On Maddow, Schneiderman Delivers Eloquent Defense of the Rule of Law |
| By: David Dayen Wednesday October 26, 2011 9:57 am |
There’s a misconception about what constitutes “hard left” and “hard right” positions about fixing the housing mortgage problem. But the “hard left” position is nothing more than following the rule of law, as New York’s AG, Eric Schneiderman explained on Maddow last night (video)
Late Night: Pouting Baby Asks Why Crazy Allen Won’t Answer Questions |
| By: Jim White Thursday April 28, 2011 8:00 pm |
Why won’t Crazy Allen answer Ms. Nicole’s question? Why won’t he invite everyone he represents to ask him a question? It’s not like they are going to pretend to kill him just to get him to answer. They wouldn’t do that, they want him to tell the truth, not make up a lie just to get them to stop.
Obama Hits an Easy One, Rachel Maddow Cheers |
| By: Scarecrow Thursday April 14, 2011 6:00 am |
The reaction among liberals to the President’s speech Wednesday reminds us how thirsty liberals/progressives have been for President Obama to show the slightest hint of courageous, progressive leadership. So when Obama, who has repeatedly betrayed liberal values cherished by the Democratic Party since FDR, finally said what liberals/progressives have been saying for months, much of the liberal community cheered or at least said, “finally!” But this was easy.
The Party Line – April 8, 2011:
|
| By: Gregg Levine Friday April 8, 2011 12:25 pm |
Feeling poleaxed by the audacious hopes it raised during the ‘08 campaign, Team Obama will attempt to lower expectations going into 2012–and nothing lowers expectations like proving yourself irrelevant.
Late Night: Pouting Baby Says “Uterus Is Not a Dirty Word, It’s the House Where I Grew Up!” |
| By: Jim White Thursday April 7, 2011 8:00 pm |
Uterus is not a dirty word! It’s the house where I grew up.
Early Morning Swim: Rachel Maddow on the GOP’s Love of Big Government |
| By: Blue Texan Wednesday February 9, 2011 4:54 am |
Get big gubmint out of my wallet and back into my sister’s uterus where it belongs!
Early Morning Swim: Rachel Maddow on GOP’s Repeal of the Affordable Care Act |
| By: Blue Texan Thursday January 20, 2011 4:47 am |
They’re quiet, because it’s a mixed bag.


53 Comments












Support this site!
Subscribe to the newsletter
Advertise on Firedoglake
Send
us your tips
Make us your homepage
About Firedoglake