HuffPo: Robo-Signing Bank Settlement Is a Criminal Sell Out

[sabrina 1]

12. I thought Matt Taibbi was not a credible source here on DU anymore?

Wasn't he thrown under the bus not so long ago?

Hard to keep up sometimes with who is and who is not credible, or maybe it's WHEN they are credible. Today he seems to be very popular even among even some of those who declared him not credible not so long ago. I wish there was some consistency about all of this.

Meantime, a man who actually does understand the economics and crime that led to the 'Biggest Bank Heist in History', Bill Black, speaking about this agreement two days ago, doesn't agree. His interview merely confirms what most people's reaction to it is, we just got sold out again, and the Banks just got another bailout.

It's disgraceful how much crime, and robo-signing IS a crime, has been swept under the rug and the criminals rewarded, rather than punished.

I'm sure there are many happy Bankers today, but not so many happy ordinary citizens. Only about $5 billion of that settlement is intended to compensate the wrongfully foreclosed on homeowners, and there is a 3 year deadline for the Banks to get this done. Too bad if they don't get around to you before that time is up.

If the distribution of this ends up like the money allotted to help homeowners stay in their homes, most of it will never get to those it is supposedly intended for. And Geithner or whoever is in charge of THIS money, will refuse to answer questions about why, once again. And no one will compel those questions to be answered.