Squashed: On this $26 billion dollar mortgage settlement
squashed:
Speaking tentatively, because I don’t have all the details I would like, I’m happy with this settlement. It’s huge. As in, it’s over three tines bigger than the huge tobacco settlement. Critically, it also preserves borrower’s rights to sue.
Here’s the bottom line: a dead bank on a platter…
Meanwhile, I can stop worrying that a bunch of mortgage morons / crooks are going to put me out of a job. It’s a good day.
But pour one out for the sanctity of contracts, huh?