While President Obama has recently tried taking a more populist, "left-leaning" bent with his new tax proposals, one New York politician has rarely strayed from those roots: Attorney General Eric Schneiderman. Thanks to his refusal to back down on his investigation of a $20 billion dollar bank settlement, Schneiderman has been the subject of a raft of articles hailing him as one of the few leaders who practice their professed affinity with the left, along with Massachusetts senatorial candidate Elizabeth Warren and Senator Bernie Sanders of Vermont. "Honestly, my day-to-day life hasn't changed," he tells the Times. "I'm doing my job as a prosecutor."
New York AG Battles Wall Street To His Supporters' Glee
Prince Of Darkness Cuomo Sets Sights On Eight Big Banks
NY Attorney General—and presumed gubernatorial candidate—Andrew Cuomo is reportedly looking into whether banks such as Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Deutsche Bank, Crédit Agricole and Merrill Lynch (now owned by Bank of America) duped credit ratings agencies about mortgage securities. According to an AP source, Cuomo "is trying to figure out if banks provided the agencies with false information in order to get better ratings on the risky securities."
Despite Big Q1 Earnings, Goldman Sachs Under Scrutiny
Goldman Sachs announced that its first quarter profit was $3.46 billino—91% higher than last year—but the big numbers didn't boost its stock, which fell 12% last week after the SEC accused the firm of purposefully duping clients. Goldman's general counsel told analysts today, "We would never intentionally mislead anyone, certainly not our clients or counterparties. We certainly had no incentive to design a transaction that was designed to lose money," and Goldman CEO Lloyd Blankfein said in a statement, "In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people."
Four Arraigned In Scams Linked To Marine Park Murders
The double homicide that took the lives of a Marine Park husband and wife remains unsolved, but authorities are expected to arraign four individuals for money scams connected with the 2008 execution-style killings. So far, no one has been indicted for shooting and killing lawyers Christina Petrowski-Schwartz, 48, and Mark Schwartz, 50, in their Brooklyn home—but investigators believe the killings were connected with "wide-ranging financial scams" that might have involved the deceased attorneys.
NY Post: "41 Charged in Mortgage Fraud!"
The Post really had us going here for a second, because this headline could be misunderestimated to mean that George H. W. Bush, our 41st president, was being indicted for mortgage fraud. For an all-too-brief moment, we thought, well, it's not Dubya, but it's a start! Unfortunately, the 41st president remains untouchable, and the 41 in question here is a crowd of attorneys, loan brokers, accountants charged with mortgage fraud involving tens of millions of dollars across New York state. Screw them, too, but don't tease us Post.

