Cuomo Follows Spitzer's Path, With New Twists

Law360, New York (August 21, 2008, 12:00 AM EDT) -- While taking a different tack, New York Attorney General Andrew Cuomo has followed the lead of his controversial predecessor by intensely scrutinizing financial institutions, notably investigating the student loan industry and the auction rate securities market.

During his almost two-year tenure as the state's highest law enforcement officer, Cuomo has entered into a number of multibillion-dollar settlements with banks related to auction rate securities and has also made deals in a crackdown on student loan lenders. However, lawyers and law professors say he's kept a lower...
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