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Matt Taibbi: Is Mortgage Fraud Deal 'A Victory For The Public?'

Matt Taibbi: Is Mortgage Fraud Deal 'A Victory for the Public?'
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Former Associate Business Editor, The Huffington Post

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So there was big news yesterday on the foreclosure settlement front. We still have to wait and see what the final deal looks like, but there are reports out that the long-awaited settlement is a far, far better deal for the public than expected. If these reports are true, it looks like New York Attorney General Eric Schneiderman and California AG Kamala Harris have scored an enormous victory in narrowing the scope of the settlement to the point where it really only covers robosigning abuses.

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