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Meta of Iowa Selling Subsidiary to Anita

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Meta Financial Group Inc. in Storm Lake, Iowa, has agreed to sell its smallest subsidiary, the $39 million-asset MetBank West Central, to Anita Bancorp. in Atlantic, Iowa, for $8.3 million in stock.

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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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