I don’t know about the monetary value of the National Mortgage Settlement, but the new consumer protections totally kick ass. When Obama’s legacy is discussed, I suspect he’ll be known as the “Consumer Protection President.” If he serves out his two terms, we’ll see a revolution in how banks, payday loaners, check-cashing joints, credit card companies, and others interact with the public. This is by far the most unambiguously progressive element of his presidency.

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