The bank settlement negotiations and deal are not figments of progressives' imaginations.

[ProSense]

16. The

"The bank settlement negotiations and deal are not figments of progressives' imaginations."

...settlement was alway out there, never finalized. The rumor wasn't the settlement, it was that Obama was going to announce a deal had been reached and sellout homeowners. Neither has happened.

The deal is still being negotiated by AG Miller, this is no different from when it was rejected the last time.

As for the President, he made no mention of the settlement, but came out strong by announcing the appointment of Schneiderman to investigate mortgage fraud.

In fact, Schneiderman is still rejecting the settlement.

<...>

Schneiderman was appointed Tuesday by President Obama as co-chairman of a new investigative effort that will try to coordinate existing federal and state probes into mortgage practices before the financial crisis. Schneiderman promised Wednesday to move aggressively.

A spokesman for Schneiderman said in a statement that the New York attorney general would not sign onto a foreclosure settlement that would limit his ability to carry out investigations of the mortgage crisis.

http://www.latimes.com/business/money/la-fi-mo-mortgage-settlement-20120125,0,7414913.story

Banks square in mortgage fraud crosshairs again
http://www.democraticunderground.com/1002225832