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JUL 19, 2010 6:14pm ET

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Well-Heeled Buyers Turn Up Heat in Southeast Failed-Bank Market

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Armed with more money and less baggage, private-equity funds are staking claims in the Southeast banking market, changing the landscape of failed-bank dealmaking as they go.

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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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