Schneiderman to Head Task Force to Investigate Wall Street Role in Housing Crisis

Eric T. Schneiderman, the so-called Sheriff of Wall Street as New York state's attorney general, is heading a new, consolidated effort to find the criminality that led to the housing crisis.

As reported in the New York Times, Schneiderman said, There have been investigations going on in various states and branches of the federal government. We're now making a concerted effort to pull everything together and move forward aggressively to address these issues.

The move comes as proposed settlements between the federal government and a number of Wall Street banks were shot down by state attorneys general, who called them inadequate.