BUSINESS

Paul Krugman: Foreclosure Settlement Could Be Another 'Inside Job'

03/14/2011 12:58 pm ET | Updated May 25, 2011

That settlement is a “shakedown,” says Senator Richard Shelby of Alabama. The money banks would be required to allot to mortgage modification would be “extorted,” declares The Wall Street Journal. And the bankers themselves warn that any action against them would place economic recovery at risk.

All of which goes to confirm that the rich are different from you and me: when they break the law, it’s the prosecutors who find themselves on trial.

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