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Washington Mutual Investigator Named

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Federal bankruptcy watchdogs named Joshua R. Hochberg Monday to investigate a proposed settlement of billions of dollars worth of legal claims stemming from the September 2008 ...

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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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