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Parsing Pennsylvania Deal's Unusually Long Delay

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The proposed merger of two Pennsylvania companies with ties to Vernon W. Hill 2nd has been touted as the second coming of Commerce Bank. But more than nine months on, regulators have yet to bless the deal.

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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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