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Banknorth, TD Discuss What's Next

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Toronto-Dominion Bank's $3.8 billion deal for 51% of Banknorth Group Inc. is a bet that both companies will be more effective acquirers in the United States together than either could be on its own.

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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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