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4Q Results

M&T, Hudson City Buck Lending Trends

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Banks aren't lending? Tell that to M&T Bank and Hudson City Bancorp. Those regional banks were a rarity in the fourth quarter: banks whose loan books actually grew.

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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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