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M&A, Bankers' Bank Style

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A Louisiana holding company that owns 3 bankers' banks is buying a fourth, in Arkansas, in what would be the first merger of bankers' banks. It could be the start of a trend.

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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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