Taibbi: Mortgage Fraud Settlement is More Like a Bailout Than Justice

 On Thursday, Rolling Stone writer Matt Taibbi joined guest host Sam Seder on  Current TV’s Countdown with Keith Olbermann to explain why he went from optimistic  to disappointed by the $26 billion settlement to be paid to victims of robo-signing and other foreclosure fraud. 

Tabbi says that as more of the banks' bad behavior is exposed, it will become obvious that they must shut down to pay for their crimes, because the reparations necessary would bleed them dry.  This settlement, he says, is a "kewpie doll" for victims of banker greed, and won't "stem the tide or turn the tables for these people."  

Watch it:

AlterNet / By Kristen Gwynne

Posted at February 10, 2012, 4:23am

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