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Credit Card Losses Slip Again in October; Recovery Still Slow Going

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Chargeoff rates continued to drop throughout the credit card industry in October, bolstering the view that the sector is beginning to pull out of a devastating cycle ...

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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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