NEW YORK (TheStreet) -- Was it a mortgage settlement against a big bank or a Broadway play?
New York Attorney General Eric Schneiderman did his best to place himself front and center on Tuesday as he announced a $13 billion settlement with JPMorgan Chase (JPM) over mortgage securities, gathering effusive sound bites praising his work from 11 people in all -- a mixture of elected officials and leaders of non-profit organizations.
- "Schneiderman is delivering accountability" -- New York State Comptroller Thomas P. DiNapoli
- "I commend Attorney General Schneiderman" -- Erie County Executive Mark Poloncarz
- "When others gave up or threw obstacles in his path, Attorney General Schneiderman insisted that federal and state prosecutors keep digging" -- Rep. Jerry Nadle
But the award for the suckuppiest quote gathered by New York taxpayer dollars to celebrate its top attorney should probably go to Kirsten Keefe, Senior Staff Attorney at the Empire Justice Center.
"Once again, Attorney General Eric Schneiderman is at the helm, fighting for New York's working class and holding a big bank accountable for its illegal behavior."
It's not to say Schneiderman doesn't deserve some credit. He, along with attorneys general from Delaware, Massachusetts and California refused to sign onto a multi-state settlement with the big banks over mortgage servicing abuses until the deal left room for them to go after the bigger mortgage-related sins of misrepresenting the quality of mortgage-backed securities they sold.