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Anytime you have all 50 attorney generals agreeing on something, you know the banks have been up to something that s not good. we are united in our robo signing, our servicing investigation. but this is something our office has been working on. i think you ll see general schneiderman in new york work on some aspect of this. you ll see martha coakley work on similar aspects of this. this system mers, this privatized recordation system, connects it all together. and that is where they have basically begun from our perspective and our investigation reveals lost track of who owns what. and that s how scary and deceptive this has become. mr. attorney general, your father is vice president biden. so asking you about state politics versus federal politics is a personal question as well as a political question, and i recognize that. but why is it that we are seeing a fraud issue as fundamental as this, potential fraud issue, ....
Matter by the department of justice? well, look, rachel, in fairness to our federal partners, tom miller is leading an investigation with lisa madigan in illinois on the vfrg aspects of this that have worked hand in glove with tom perelli at the department of justice and secretary donovan at hud and others. so there are a lot of folks doing a lot of hard work on this. the issue as it relates to the criminality of this that eric and i have talked about and you talked about in your intro, these are hard cases to make from a criminal perspective. anytime you have lawyers and accountants blessing and sealing and giving you know, blessing the conduct, it makes it very difficult to prosecute that conduct. and that s what you have here. that s why some of these origination cases or even some of the securitization cases are hard to make. that doesn t mean people aren t trying to make them. that doesn t mean that my office and general schneiderman s office won t continue to try to do it. i ....
That doesn t mean that my office and general schneiderman s office won t continue to try to do it. i m attacking this problem at this level because it seems like it s a very fundamental violation of a very easy law to understand and that is a deceptive trade practice. deceiving consumers, and in this case homeowners about whether or not and who owns their note and the mortgage is the most basic consumer protection right they have. and that s what i am. i m a prosecutor and a consumer protector. that s what i get paid to do. and that s why i m on this. beau biden, attorney general of the state of delaware, thank you for taking the time to talk with us about this tonight. i ve been looking forward to talking to you about this for a long time, sir. thanks. thanks for your coverage on this, rachel. it s been phenomenal. thank you. i will say with so much popular concern about accountability on wall street, the sense that wall street got away with what they did and left the whole rest ....