The immediate flashpoint is a proposed settlement between state attorneys general and the mortgage servicing industry. That settlement is a “shakedown,” says Senator Richard Shelby of Alabama. The money banks would be required to allot to mortgage modification would be “extorted,” declares The Wall Street Journal. And the bankers themselves warn that any action against them would place economic recovery at risk.
via nytimes.com
How can politicians say that the banks need protection from consumers? Do people really believe this crap? Thank you Krugman for reminding us that the banks are stealing from the people with impunity! Tell your congressman that we want answers and we want the banks PROSECUTED!