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JAN 21, 2010 4:51pm ET

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Fifth Third, KeyCorp and Comerica may not have closed the book on losses stemming from the financial crisis, but they certainly appear to have begun a new chapter.

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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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