2012-10-03bloomberg.com

``You have to wonder why Schneiderman -- one of five co- chairmen of a Justice Department working group on mortgage- bond fraud -- bothered at this late date. It would surprise nobody to learn that Bear Stearns committed fraud before its near-collapse in 2008. But this suit doesn't seem to be about accountability. If it were, it would have named some individuals as defendants. You can't have a fraud without fraudsters.''


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