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Did Treasury Drop Ball on Regulatory Overhaul?

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With the banking system in turmoil early this year, and most major players calling for massive change, 2009 was considered the perfect year to finally pass regulatory reform.

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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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