rities and sold them to investors, which some say helped banks conceal troubled loans. No specific allegations of wrongdoing have been lodged yet.
Bank of America Freezes Foreclosures Watch Video
Bank of America Acquires Countrywide Watch Video&10004
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nbsp;
Government Hits Debt Limit Watch Video
Last October attorneys general in all 50 states, along with the Department of Housing and Urban Development, began an investigation into the mortgage crisis. Settlement negotiations have been ongoing. Schneiderman's investigation is a "distinct and broader inquiry," according to sources familiar with it.
In striking out on his own against the Wall Street bastions, Schneiderman is following the aggressive path forged by predecessors Andrew Cuomo and Elliot Spitzer, who made prosecution of financial fraud a centerpiece of their tenures.
Schneiderman plans to meet with executives of Bank of America, Goldman Sachs and Morgan Stanley to discuss their mortgage practices, sources told ABC News. Those meetings,
- May 18 Wed 2011 03:16
which some say helped banks conc
close
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