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Cash Infusion, CEO Move Boost Shares of First Marblehead

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The battered student lender First Marblehead of Boston announced that it received a $132.7M cash infusion and brought back co-founder and former CEO Daniel Meyers to help …

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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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