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Eric Schneiderman is right to fight Obama administration\'s bad foreclosure settlement with the banks

Eric Schneiderman is right to fight Obama administration\'s bad foreclosure settlement with the banks

Sunday, November 27, 2011
New York Daily News

BY REV. DAVID K. BRAWLEY AND MICHAEL GECAN

While most attention is focused on a drawn-out debt crisis in Washington and spasmodic demonstrations in several cities, the most important economic and political battle of the period is being played out largely under the radar.  This struggle pits the White House and a set of attorneys general who want a quick and limited settlement with the major banks over their conduct during the foreclosure crisis against another set of attorneys general, led by Eric Schneiderman of New York and Beau Biden of Delaware, who are pushing for more in-depth investigations and a much larger financial commitment to address the damage done to American homeowners.