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Settlements in Hand, Lawyers in Debit Suit Lighten Up in Court

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BROOKLYN, N.Y. - At the end of what was supposed to have been the first week of the Wal-Mart trial, there were nothing but smiles and handshakes as lawyers for the retailers, Visa U.S.A., and MasterCard International submitted a time line for wrapping up the settlement by September.

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Interpreting the $25B Mortgage Settlement
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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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