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Struggler Now Has Capital to Spare in Oregon

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West Coast Bancorp, one of many struggling institutions in the Pacific Northwest, said it managed to raise all the capital it needed to satisfy regulators — and then some.

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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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