WASHINGTON, DC – November 22, 2012 – (RealEstateRama) — Sen. Carl Levin, D-Mich., made the following statement in response to the legal action taken today by the Administration’s Residential Mortgage-Backed Securities Working Group headed by New York Attorney General Eric Schneiderman:
“It is good to see the Schneiderman task force doing the yeoman’s work necessary to hold accountable financial institutions responsible for the toxic mortgage securities that ignited the financial crisis.”
Senator Levin chairs the U.S. Senate Permanent Subcommittee on Investigations, which conducted a bipartisan investigation into key causes of the financial crisis.
