Eric Schneiderman Will Have To Do Better Than This

Columnist: New York AG's Suit Against JPMorgan 'Thoroughly Unimpressive'
New York Attorney General Eric Schneiderman speaks during a news conference at the Justice Department in Washingotn, Tuesday, Oct. 2, 2012, in Washington. The federal government onTuesday threw its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities. (AP Photo/Carolyn Kaster)
New York Attorney General Eric Schneiderman speaks during a news conference at the Justice Department in Washingotn, Tuesday, Oct. 2, 2012, in Washington. The federal government onTuesday threw its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities. (AP Photo/Carolyn Kaster)

Is this the best that Eric Schneiderman has got?

Yesterday, the New York attorney general filed a thoroughly unimpressive lawsuit against JPMorgan Chase & Co. over allegedly fraudulent sales of subprime mortgage bonds by Bear Stearns, the securities firm that JPMorgan bought in 2008 with help from the federal government.

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