Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

The (Not So) Great Mortgage Abuse Settlement

|Includes: BAC, C, JPM, WFC, Financial Select Sector SPDR ETF (XLF)

Today we published two news blogs which (1) summarized what was in the settlement and what some critics said about it and (2) gave an annotated reprint of the Dept. of Justice press release for the settlement.

Here is a link to a previous comment (from yesterday's Instablog) giving a simplified history of the development of the mortgage mess: https://seekingalpha.com/instablog/98115-john-lounsbury/287131-one-mans-20-year-war-against-the-mortgage-fraud-industry#comment-2497321

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.