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Opinion
Matt Levine

Bank Appraiser Does Better as Whistle-Blower

The mortgage settlements are about an accretion of anecdotes, not a systematic reckoning with the crisis.

Here's a little story about water damage.

Relator -- that is, Robert Madsen, then a real estate appraiser who worked at LandSafe, a subsidiary of Bank of America -- disagreed. Or, I mean, he did it, but he later said that he disagreed: