Is The Immunity For Robosigning Story Real ??? - You Decide !!! - From The Financial Times

[bhikkhu]

12. "Immunity" is a part of the penalty deal

...as we have the "double jeopardy" thing where you can't be prosecuted for the same thing twice, and no bank would agree to be penalized for actions unless it included not being penalized again for the same actions.

So you can focus on "immunity", or you can focus on the levying of penalties, which will be applied to help homeowners in need fix their mortgages and keep their houses. It has been years now, and I don't see anything better coming from the work of the AG's in any state on this.

If I recall, the original controversy from months back as this was coming together wasn't that robo-signing would be made the centerpiece of the civil prosecution, or that the $20-25 billion was inadequate, but that the AG's (particularly Scheiderman) were worried that a whole package of immunities would be granted for everything not-robosigning. That doesn't seem to be the case, and all the potentials for criminal prosecution should remain open to them.