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JUL 17, 2009 1:00am ET

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Unloading Continues at Capitol

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The wounded Capitol Bancorp is continuing its bank sell-off. In its third deal this week, the company said it has agreed to sell its Community Bank of Rowan in North Carolina ...

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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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