The Schneiderman appointment

The President's announcement of a mortgage investigation committee, or whatever it is, was one of a relatively few substantive things in the SOTU that wasn't known very far at all in advance. Let alone that NY AG Eric Schneiderman would be a co-chair. I don't really follow this stuff, so I don't know what to believe. RJ Eskow has a look at the arguments that this is a victory, a sell-out, and various possibilities in between.