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Cascade to Post Loss Up to $21M

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Citing trouble with its construction loans, Cascade Financial in Everett, Wash., said Thursday that it expects to report a second-quarter loss of $19 million to $21 million.

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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
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