Ritholtz is at it again with some straight talk about the real estate market. His latest lob is about the foreclosure settlement and how it is 'a failure of law, a triumph for bank attorneys'. He lays out the robosigning trajectory and how this new settlement doesn't do much to help things. Jonathan Miller has also weighed in over on his blog, joking that the $26B was a 'nominal rounding error'. Let the skewering commence!
· Foreclosure settlement a failure of law, a triumph for bank attorneys [WaPo]
· Ritholtz Blog [TheBigPicture]
· [Ritholtz in WaPo] Foreclosure Settlement Is A Non-Event [Matrix]