``Now, you might ask, to what did the five large banks that were a party to the settlement (Bank of America, Wells-Fargo, Morgan Stanley, Citibank, and Ally Bank) agree to do in exchange for this wonderful bounty of sweeping immunity? They committed themselves, after much dodging and wrangling, to follow the law of the land! Specifically, they promised to stop engaging in fraudulent foreclosure practices. That is harsh. No wonder Senator Richard Shelby (R-AL), Chair of the Senate Banking Committee, was so critical of this settlement.''

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