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Katie Kuehner-Hebert
JUL 10, 2008 1:00am ET

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Colorado Thrift Gets Second Order from OTS

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A "critically undercapitalized" thrift in Colorado has been slapped with an enforcement order that prohibits it from paying dividends, accepting brokered deposits, or …

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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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