Matt Taibbi is a lying piece of shit (link)

[hfojvt]

132. oh well, if it is the Senate, I guess that settles it

Since Senators are never wrong, and never posture for political reasons. You can always trust a bi-partisan vote, like, for example, the Iraq War invasion vote or the vote to extend the Bush tax cuts for two years or the vote to extend payroll tax cuts.

Here's what Levin and robosigning led me to http://donpolson.blogspot.com/2012/02/robo-signing-settlement-seeds-of.html

Not saying I know how accurate it is, but I found this to be kinda interesting.

"For the rest of us who fortunately are not in foreclosure, however, the potential value of the settlement will be to lay the foundation for recovery of the housing market and, therefore, the economy at large. According to the research firm LPS Analytics, the average home in foreclosure has been delinquent for 674 days—a delay that has doubled since the exposure of the robo-signing scandal ground the foreclosure process to a halt. In Florida, the time from default to foreclosure now exceeds 1,000 days. During that time the homeowner can live rent-free—or even better, as news reports indicate that some of those in foreclosure will rent out the home to a tenant while the foreclosure is pending (sometimes resulting in a surprise to the unsuspecting tenant when the bank shows up to evict him)."

and

"But mere pursuit of newspaper headlines by politically-ambitious politicians or financial windfalls for borrowers who suffered no tangible harm should not come at the expense of the rest of us and the economy at large. It may feel like justice when banks are forced to pay out billions of dollars to deadbeat homeowners, but that money has to come from somewhere—typically the rest of us, who face higher bank fees and reduced access to credit as a result. In turn, this will continue to stifle a housing market recovery and exert a drag on the economy."