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APR 3, 2008 1:00am ET

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CIB Marine of Wisconsin Says It's on the Block

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A day after reporting its fifth consecutive annual loss, CIB Marine Bancshares Inc. in Pewaukee, Wis., revealed in a Securities and Exchange Commission filing Wednesday that ...

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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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