AGs Strike Fear With Criminal Mortgage Probe

Law360, New York (November 1, 2011, 8:01 PM EDT) -- The country's big banks have so far skated by without facing prosecutions over the financial crisis, but with New York and Delaware's top prosecutors promising to bring criminal charges against alleged culprits, bankers who underwrote faulty mortgages and sold risky securities might yet have reason to fear, experts say.

New York Attorney General Eric Schneiderman and his Delaware counterpart, Beau Biden, last week made a bold pledge to prosecute those who caused the 2008 mortgage meltdown and exacerbated the related foreclosure and securities debacles. So far,...
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