Bove on the $25 Billion Foreclosure Settlement

In what amounts to basic common sense, yet somewhat cynical, in our surreal Big Gov. and increasingly disconnected citizenry, Dick Bove comments on the $25 billion bailout pass-through to voters:

Link to ZeroHedge.com:
Dick Bove On The Foreclosure Settlement: There Is No Sanctity Of Contracts; Only Fools Meet Their Financial Commitments

"There is no sanctity of contracts in the United States. Only fools meet their financial commitments. The non-payers are the truly enlightened."