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DEC 30, 2009 5:04pm ET

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Letter to the Editor: Who Are the Fat Cats Now?

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To the Editor:
I am fascinated by the FDIC's plan to use insider trading information to speculate on bank stocks. If you have the sole authority to close a bank, choose a buyer, then take a piece of the action on the back end, isn't this an unfair advantage?

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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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