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Feedback: The Last Thing We Need Is More Foreclosures

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Re: "Procrastination on Foreclosures, Now 'Blatant,' May Backfire" [Aug. 27] Anyone who takes the position that we have to move this inventory faster to the marketplace is not in real estate, or looking out for all the homeowners who are paying their mortgages. To add the numbers we would be talking about to the marketplace is completely against the principles of supply and demand.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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