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Firing Line

Obama's Tepid Cyber Strategy Poised to Fail

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The national cyber security strategy is still without a leader with the power to effect change, and bank security experts argue Obama's plan is actually worse than the haphazard efforts we've seen in the past decade.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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