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If any of them have a backbone, perhaps they now have more leverage than ever before, as how is the administration going to spin its way out of a deal that doesn’t get their participation now? Harold Meyerson — who I generally find to be a very good reporter and well-intentioned left-wing writer — just being dense in this American Prospect article? Harris and Masto will likely take the lead on fraudulent and lax origination—more of which took place in their states than anywhere else—while Schneiderman, Biden, and the Feds focus more on the misrepresentation and fraudulent marketing of mortgage-backed securities and derivatives.







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