Schneiderman: Markets Rigged, But Morgan, Goldman Not To Blame

In an interview this morning with Bloomberg Television's Erik Schatzker and Stephanie Ruhle, New York Attorney General Eric Schneiderman said he agrees with Michael Lewis's characterization that the stock market is rigged, "I probably would not be quite as hyperbolic as that. But we have started, actually over a year ago, looking at the use of information that didn't fit into traditional categories of insider trading."

Schneiderman also said it is not the Morgan Stanley (NYSE:MS)'s or the Goldman Sachs Group Inc (NYSE:GS)'s of the world that are at fault because they look for cracks in...