New York Governor Andrew Cuomo and Attorney General Eric Schneiderman have agreed to spend the first $163 million dollars from New York's share of the national settlement with JPMorgan on mortgage relief and housing programs this year.
The first installment of the state's $613 million share will be divided, with $81.5 million going to the state's general fund and earmarked for use by New York's two housing agencies.
Officials say the other $81.5 million this year will be used by the attorney general's office for mortgage relief.
A member of the commission charged with rooting out corruption in Albany says in a television interview that the panel never investigated New York Governor Andrew Cuomo or Attorney General Eric Schneiderman, the men who appointed its members.
Onondaga County Executive Joanne Mahoney told YNN's "Capital Tonight" that she wouldn't "pretend" that the commissioners would investigate either Democrat.
The Republican says there were no conversations within the commission about doing such probes.
New York State is set to receive $1 Billion after JPMorgan Chase & Co. agreed to pay $13 billion dollars in a landmark settlement for activities that prosecutors say were "symptomatic of the recklessness on Wall Street."
JPMorgan was among the major banks that sold mortgage-backed securities that plunged in value when the housing market collapsed in 2006 and 2007. Those losses triggered a financial crisis that pushed the economy into the worst recession since the 1930's.
A lucrative property tax break for veterans could be extended to New York families with a member on active duty.
Attorney General Eric Schneiderman’s proposing the legislation.
“In my office, we are renewing our effort to ensure that at least in the state of New York that we deliver for those who protect us. While they are overseas protecting our rights, we have to protect their rights at home,” Schneiderman said.
The New York attorney general's request to release sealed documents about the 1971 riot and retaking of Attica state prison has been assigned to a judge in Buffalo.
According to court officials, the case is before state Supreme Court Justice Patrick NeMoyer, a former Erie County attorney and federal prosecutor in western New York.
Eric Schneiderman seeks sealed volumes of the 1975 Meyer Commission Report in an effort to reveal the fuller history of the nation's bloodiest prison rebellion and answer the questions of families whose loved ones died.
New York's attorney general has asked a state judge to unseal documents about the 1971 riot and retaking of Attica state prison, the nation's bloodiest inmate rebellion.
Attorney General Eric Schneiderman wants the court in Wyoming County to open hundreds of detailed pages about the five September days when inmates took control of the maximum-security prison in rural western New York until state troopers and guards stormed the facility.