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Wisconsin Credit Union to Buy 11 AnchorBank Sites

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In what would be the biggest purchase of bank branches by a credit union, Royal Credit Union said it had agreed to buy 11 offices from the troubled Anchor BanCorp.

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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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