Exclusive:U.S. mortgage task force to take action soon - NY AG

[cal04]

Source: CNBC

The mortgage task force formed by President Barack Obama to probe misconduct that contributed to the financial crisis will soon take legal action, New York Attorney General Eric Schneiderman said on Thursday.

Schneiderman, a co-chair of the task force, would not say whether cases would be brought against individuals or financial institutions. He also would not comment on whether criminal charges would be filed.

But he said his office would take action and that he expected his federal counterparts on the task force to do so as well.

(snip)
"It's important to convey the sense that no one is above the law. There's a set of rules to which all will be held accountable, including big players on Wall Street," Schneiderman said.



Read more: http://www.cnbc.com/id/49111991

[naaman fletcher]

1. Oh great, let me guess. a few assistant vice presidents will be indicted

While the masterminds go free.

[winstars]

2. In civil cases they can possibly force the institutions to change policies and/or pay huge fines...

Hopefully they send a bunch of them to fucking jail too but the civil could be good for people also, I think. Or am I living in a dream world?