''DD: Talk about that, because it’s hard to explain to someone that $20 billion represents a pittance sum, even though in the grand scheme of the housing market, it truly is.
SJ: Well, just compare it to profits. The banks made hundreds of billions of dollars during the boom phase by ripping people off. Any settlement of this type, you pay over time, over years. The tobacco settlement was structured this way, on an ongoing basis. So you have hundreds of billions made initially, and the $20 billion spread over time coming out of continued profits. I’m not suggesting that the settlement take a certain percentage of profits from the banks. I’m suggesting that you need to have an investigation of the damage caused, and why go small when you have such a strong case for fraud?''
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