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SEP 27, 2007 1:00am ET

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Mutual of Omaha's Bank Goes Against Insurer Grain

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Mutual of Omaha's foray into banking is still in the formative stage, but the insurer has already made clear it wants its operation to have a higher stand-alone retail ...

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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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