I must confess to a bit of schadenfreude in seeing Eric Schneiderman quit. He's finally getting the level of press coverage he always wanted.

You can read the underlying allegations that led to his world-record speedy resignation in the New Yorker. Four women accused him of sexual violence, such as being hit and choked by him. Two were willing to have their names published. One had a photo of the alleged damage done by him.

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Schneiderman was singularly responsible for the Obama Administration' success in executing what has not been sufficiently well recognized as a second bailout to banks, in the form of the 2012 National Mortgage Settlement in which 49 states also participated. We called the "get out of liability for almost free card" for banks otherwise known as the National Mortgage Settlement. Federal and state officials had massive leverage over bank servicers to force them to do mortgage modifications for borrowers who still had some level of income. It would not only have been better for homeowners and communities, but it would have greatly reduced investor losses.

Schneiderman threatened me through Democratic party intermediaries as I wrote about how terrible the National Mortgage Settlement was and how the Administration had played him for a fool: "I'm going to get her." I didn't feel concerned because Schneiderman had been so ineffective as a prosecutor.