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Bonnie McGeer
APR 14, 2009 1:00am ET

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Deal to 'Redefine' New York's First Niagara
APRIL 8, 2009
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For First Niagara, Tarp is Now Expendable

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Still heady over the deal it announced last week to swoop into Pennsylvania by buying 57 branches, First Niagara Financial Group Inc. is talking even more boldly now.

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Interpreting the $25B Mortgage Settlement
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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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