Sunday, February 26, 2012

Foreclosure settlement a failure of law, a triumph for bank attorneys

After many months of wrangling, a foreclosure settlement has been reached between 49 state attorneys general and a consortium of banks.

It is an epic failure of law and a triumph for bank attorneys.

It will accomplish little of value, as I’ll explain. First, let’s recall what the “robosigning” foreclosure scandal was all about.

Read the rest of the article at the Washington Post

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