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(4) $20 billion "actually makes bank second liens sounder, so this deal is a stealth bailout that strengthens bank balance sheet at the expense of" cheated borrowers.
(5) Enforcement is a "joke." In large measure, it lets banks self-supervise.
(6) Past servicer consent decrees show they "all fail to comply....(T)hey cheat in all sorts of ways to (avoid obligations and) reduce their losses."
(7) The Nevada/Arizona "cave-in" greatly helps Bank of America. It's "by far the worst offender in the chain of title disaster...."
(8) If a "serious" deal was planned, the announced result wouldn't have happened and high-level crooks wouldn't get off unscathed.
(9) Many systemic abuses were ignored, "such as servicer driven foreclosures and looting of investors' funds via impermissible and inflated charges."
(10) The deal conceals "much deeper chain of title problem(s)."
(11) Obama's foreclosure task force will be as toothless as previous efforts to address a joint Wall Street/Washington swindle.
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