This is a charade folks, just political posturing. Schneiderman doesn't want to stop this deal. As I've written in this space, the settlement was an enormous give-away to the banks. The top bondholders--the big banks-- got the lion's share and individual investors got screwed, precisely what the banks wanted. Wall Street owns the prosecutors' offices and courts, and nobody but nobody gets to be AG in New York unless he's a team player.
http://finance.yahoo.com/news/ny-pushes-objection-bofa-8-232545914.html