The Daily Gazette
The Locally Owned Voice Of The Capital Region

Gazette Editorial

Whose money is it, anyway?

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Attorney General Eric Schneiderman gets much of the credit for the $13 billion national settlement with JPMorgan over mortgage fraud that fueled the housing market collapse and foreclosure crisis, but why does he think he deserves sole discretion over how to spend New York’s $613 million share of it over the next four years? There may be precedent for New York’s attorneys general (including Andrew Cuomo) to commandeer proceeds from such settlements and distribute them ...

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