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Yves Smith has an excellent breakdown http://www.nakedcapitalism.com/2012/02/the-top-twelve-reasons-why-you-should-hate-the-mortgage-settlement.html
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http://money.cnn.com/2012/02/09/news/economy/mortgage_settlement/index.htm#comments
So we, the taxpayers, have to bail out all these dumb people. And it still won't fix anything.
#housing