``Before you ask, this is not some mortgage officer at Bear Stearns or Credit Suisse just trousering the money without asking anyone. They asked people! They asked piles of lawyers and ended up with an eight-page document detailing what they were allowed to do with the money they got from the bulk settlements.3 And they asked their quality control department to review loans that had breached RW1 -- and been subject to bulk settlements -- and check if they breached RW2. And here is what they came up with:4''

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