In an era when the rich and powerful line their own pockets at the expense of workers, homeowners and investors, New York State Attorney General Eric Schneiderman is striking a blow for accountability and equal justice, says AFL-CIO President Richard Trumka. 

Schneiderman just filed a lawsuit against Bear Stearns alleging that the former investment bank created fraudulent mortgage-backed securities.

Trumka says:

The facts alleged in this case suggest an industry-wide pattern of wrongdoing that may result in billions of dollars in bank liabilities after the dust settles. We welcome and encourage the continued support of the Obama administration, the Justice Department and bank regulators in providing resources to aid these cases. 

Read the rest of Trumka's statement.