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DEC 8, 2009 3:20am ET

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Citi Sees Accion Texas Progress

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For Vikram Pandit, Tuesday will provide a momentary break from the harsh spotlight focused on Citigroup, and a chance to turn the focus to his firm's less traditional lending ...

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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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