Monday, December 31, 2012

12-12-31 NYT: Another bribes for banksters' immunity deal on the way... $10 billion price tag this time...


Kevork Djansezian/Getty Images
Los Angeles police officers stood guard this month at a Wells Fargo branch that had been briefly occupied by protesters. Wells Fargo is one of the banks in the negotiations.
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Settlement Expected on Past Home Loan Abuses
By JESSICA SILVER-GREENBERG
Banking regulators are said to be close to a $10 billion settlement with 14 banks that would end government efforts to punish lenders for foreclosure abuses like high fees and faulty paperwork.
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Vistas in Legal-Economic Theory
Perpetual corporate immunity as a major intangible capital asset and a driving force in socio-economic development, or lack thereof

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