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Capital Woes Are Driving Bradford Back to Market

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The last time Bradford Bank in Baltimore tried to go public it had growth in mind, but this time its proposed conversion is more about pumping up capital to satisfy regulators.

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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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