Mortgage Settlement Still Very Much Up in the Air
There’s been a lot of back and forth over the past week as to whether or not the proposed mortgage settlement is imminent. Late last week and early this week, it appeared that a deal was close. Later, Iowa Attorney General Tom Miller, ostensibly the head of the investigation, said that no deal would be reached this week. The proposed deal, which may or may not include a settlement of around $25 billion in various concessions was decried in many circles for not pursuing criminal charges in the case of fraud, for passing much of the losses to pension fund holders, and for generally not going far enough in investigating the events that occurred during the credit bubble and in the subsequent foreclosure crisis.
READ MORE: http://ping.fm/vwW3G