In this latest appearance, on “Up With Chris Hayes,” the AG made it sound as if at last the Obama administration is serious about getting to the bottom of the financial crisis.
“The president has been absolutely clear: we’re going after the stuff that blew up the economy in our working group,” Mr. Schneiderman said. “We’re going after the possibilities of tax fraud, insurance fraud, securities fraud. We’re going to look at this stuff very closely. We have the jurisdiction, we have the resources, and we have the will.”
Much remains up in the air about the Financial Crimes Unit, including how many staff members the task force will have and how much support the Obama administration will put behind it.
But on MSNBC, Mr. Schneiderman suggested that the task force could lead to the first high-profile prosecutions of those behind the crisis.
“The clarity the president provided this past week really was that we are going to step up on the principle of one set of rules for everyone, equal justice under the law,” he told Mr. Hayes. “You can’t have some institutions that are protected by the law, not allowed to fail, and not held to account, and all the other companies in America are allowed to fail. You can’t have equal justice under law and too big to fail.”
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