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Katie Kuehner-Hebert
APR 9, 2008 1:00am ET

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This Year's M&A Trend: Getting Left at the Altar

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The pace of bank mergers and acquisitions has slowed considerably as the credit crisis has worsened, but even when deals are struck there is no guarantee they will get done.

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Interpreting the $25B Mortgage Settlement
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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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