I wanted to belatedly praise David Skeel's excellent op-ed in yesterday's WSJ, in which he asks:
If big banks are to cough up billions, shouldn't the money have something to do with the harms alleged?
He goes on to explain how the "$25 billion mortgage settlement negotiated on Feb. 9 by the administration and 49 state attorneys general with five big banks" shreds the rule of law. Great stuff.
