'Schneiderman's Task Force Is Not Enough,' Says Charles Ferguson Of 'Inside Job'

[Playinghardball]

Get the real deal from a person who knows Wall Street better than most. Charles Ferguson sits down for a MoveOn exclusive.

[JDPriestly]

1. A lot of the footwork-research has already been done on this

by Congress, by private lawyers, by state AGs, and by Holder's office and the FBI long ago.

I assume that before the government settled claims with various defendants, it did discovery. Those documents will be available, and I assume the documents that the state AGs and Congress subpoenaed or obtained will also be available.

Private lawyers may be subject to subpoenas for their documents, and there will be a lot of documents in existing court files.

They don't need a lot of FBI agents to assemble this stuff. They need lawyers and paralegals to sort through it. That's what will cost a lot of money on this one.

This could finally mean full employment for lawyers and paralegals all over the country. Well, maybe not, but it may help a bit.