Sitting in the back and nodding along calmly was Eric Schneiderman, a promising young politician who had just been elected attorney general of New York. Then in January 2012, Schneiderman got his payoff: not a better mortgage deal but a big night in the spotlight. In 2012, The Nation hailed him as “the right man” at “the right moment,” and The American Prospect heralded him as “The Man the Banks Fear Most” in a glowing cover story. Schneiderman built this reputation by holding press conferences and inking splashy settlements with banks that added up to much less than their headlines suggested. Schneiderman resigned Monday night, just hours after The New Yorker’s story came out.

Source: Huffington Post May 08, 2018 21:20 UTC