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A Second Failed Deal Could Doom Peoples of Ohio

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The $721 million-asset company announced in a SEC filing late Monday that CenterBank in Milford, Ohio, had backed out of an agreement to buy Peoples' deposits, branches ...

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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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