As this NYT story notes, the administration has been putting pressure on the AGs, particularly NY AG Schneiderman, for several weeks now, urging them to fall in line with the administration's hear-no-evil, see-no-evil position on MBS and servicing fraud. The NYT story makes it sound as if the feds were jolted into intervening because of pleas from the banks. It's enough to make one think that we're back in 2005.