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1Q Earnings

Silver State Loses $14.4M after Provision

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Silver State in Henderson, Nev., said Wednesday that it lost $14.4M in 1Q as a result of taking a $31M provision for losses on residential construction and land development loans.

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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
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