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4Q Earnings

Camco in 4Q Credit Hit; Investors Sell

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Shares of Camco Financial Corp. slipped Monday after the company reported a $13.5 million fourth-quarter loss on a sharp decline in credit quality.

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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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