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Crescent in Ga. Sees 'Doubt' It is Viable Without Fresh Capital

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Crescent Banking Co. in Jasper, Ga., is in danger of failing since a deal to get $27.2 million of capital from its management and directors fell through.

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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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