File:Eric Schneiderman-Tony West-DOJ2012.jpg

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English: New York Attorney General, Eric Schneiderman, with Associate United States Attorney General, Tony West, at a press conference announcing a civil lawsuit against investment bank JPMorgan Chase.

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4 October 2012, 17:11:10

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http://www.justice.gov/css-gallery/gallery-residential-mortgage-conference2012.html#4

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Lonnie Tague, United States Department of Justice

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This image is a work of a United States Department of Justice employee, taken or made as part of that person's official duties. As a work of the U.S. federal government, the image is in the public domain (17 U.S.C. § 101 and 105).

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Headline	RESIDENTIAL MORTGAGE-BACKED SECURITIES WORKING GROUP TO HOLD PRESS CONFERENCE ON ENFORCEMENT ACTION
Copyright holder	USDOJ
Author	DOJ Photographer, Lonnie D Tague
Image title	WASHINGTON–Acting Associate Attorney General Tony West, New York Attorney General Eric Schneiderman, U.S. Attorney for the District of Colorado John Walsh and Housing and Urban Development Secretary Shaun Donovan will deliver remarks at a press conference on the first legal action of the Residential Mortgage-Backed Securities (RMBS) Working Group, TODAY, TUESDAY, OCTOBER 2, 2012, at 11:00 a.m. EDT.They will be joined by Assistant Attorney General for the Criminal Division Lanny Breuer, Acting Assistant Attorney General for the Civil Division Stuart Delery, Federal Housing Finance Agency Inspector General Steve Linick and Director of the U.S. Securities and Exchange Commissions’ Enforcement Division Robert Khuzami.WHO: Acting Associate Attorney General Tony WestNew York Attorney General Eric SchneidermanU.S. Attorney for the District of Colorado John WalshHousing and Urban Development Secretary Shaun DonovanWHAT: Press conference on the first legal action of the RMBS Working GroupWHEN: TODAY, TUESDAY, OCTOBER 2, 201211:00 a.m. EDTWHERE: Department of Justice7th Floor Press Conference Room950 Pennsylvania Ave., N.W.Washington, D.C.OPEN PRESSNOTE: All media must present government-issued photo I.D. (such as a driver’s license) as well as valid media credentials. Media must enter the department at the visitor’s entrance on Constitution Avenue between Ninth and Tenth Streets. Media may begin arriving at 10:00 a.m. EDT and cameras must be pre-set by 10:45 a.m. EDT. Press inquiries regarding logistics shouldbe directed to the Office of Public Affairs at 202-514-2007.REMARKS AS PREPARED FOR DELIVERY BYACTING ASSOCIATE ATTORNEY GENERAL TONY WEST AT THERESIDENTIAL MORTGAGE-BACKED SECURITIES WORKING GROUP PRESS CONFERENCEWASHINGTON, D.C.Good morning, everyone, and thank you all for being here. My name is Tony West, and I’m the Acting Associate Attorney General of the United States, the third-ranking official here at the Department of Justice. I am proud to be here this morning with my colleagues and partners in the Residential Mortgage-Backed Securities, or RMBS, Working Group, one of eight working groups withinthe Financial Fraud Enforcement Task Force chaired by United States Attorney General Eric Holder. With me today is the Secretary of the Department of Housing and Urban Development, Shaun Donovan; the five Co-Chairs of the RMBS Working Group: New York Attorney General Eric Schneiderman; the Securities and Exchange Commission’s Director of Enforcement, Robert Khuzami; the Assistant Attorney General for the Justice Department’s Criminal Division, Lanny Breuer; the Acting Assistant Attorney General for the Justice Department’s Civil Division, Stuart Delery; and the U.S. Attorney for the District of Colorado, John Walsh. Also joining us on stage is the Inspector General for the Federal Housing Finance Agency, Steve Linick. And I want to acknowledge the Financial Fraud Enforcement Task Force’s Executive Director, Michael Bresnick, and the RMBS Working Group’s Coordinator, Matt Stegman. Thank you all for your leadership and dedication to the Working Group’s important work.When President Obama created the Financial Fraud Enforcement Task Force in November 2009, he formed the largest coalition ever assembled to investigate and prosecute financial fraud. While the Task Force’s goals are ambitious, its foundation is simple: Those in all levels of the government charged with protecting the public from fraud and abuse cannot work in compartmentalized silos. Instead, we must be cohesive, coordinated, and committed to a common purpose, because working together, we can achieve more than we can separately.In his State of the Union address earlier this year, the President called specifically for the formation of the RMBS Working Group– a group he charged with “hold[ing] accountable those who broke the law, speed[ing] assistance to homeowners, and help[ing] turn the page on an era of recklessness that hurt so many Americans.”Yesterday’s lawsuit against JPMorgan Chase represents an important step toward fulfilling that mandate. It also demonstrates that the foundational idea underlying the Financial Fraud Enforcement Task Force works. As the New York Attorney General can attest, the Department of Justice and the FHFA Inspector General committed substantial resources to help make this action possible. In addition, the SEC’s assistance has been particularly critical in assuring the success of the RMBS Working Group. The SEC gave all Working Group members access to the substantial evidence gathered in their investigations and held important early training sessions where they shared their expertise and learning. This permitted each Working Group member to prioritize and focus its investigations and avoid waste and duplication. Yesterday’s filing is, quite simply, a testament to the unity of purpose brought bythe Task Force and a powerful example of what is possible when we work together to achieve justice for all Americans.Let there be no doubt– preventing and prosecuting financial fraud in all its forms is a top priority of the Financial Fraud Enforcement Task Force, its RMBS Working Group, and the Department of Justice. We follow the facts and the law wherever they lead, and if we uncover evidence of fraud or other illegal conduct, we pursue that conduct aggressively. Through the collective and coordinated efforts of the President’s Task Force, we are committed to doing everything we can to ensure that the people of our nation are not victimized by fraud and, if they are, that we bring the perpetrators to justice.And now, I am honored now to introduce to you a valuable partner in these efforts, the New York Attorney General, Eric Schneiderman.
City shown	Washington
Serial number of camera	2470199
Lens used	AF-S VR Zoom-Nikkor 70-200mm f/2.8G IF-ED
Writer	DOJ PAO
Keywords	CRM AGNY ASG HUD SEC USACO
Contact information	lonnie.tague@usdoj www.justice.gov 950 Pennsylvania Ave NW Washington, DC, 20530 USA 202-353-5899
Rating (out of 5)	1
Software used	Adobe Fireworks CS5 11.0.0.484 Windows
Date and time of digitizing	17:11, 4 October 2012
File change date and time	17:11, 4 October 2012
Country shown	USA
Province or state shown	DC
Code for country shown	USA
Sublocation of city shown	7th Floor Conference Center, RFK Building

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