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By Aleksandrs Rozens
JUL 27, 2010 5:53pm ET

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In Affirming Citi, Wells and BofA, Moody's Offers Negative Outlook on Trio

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Moody's has affirmed the long-term and short-term ratings of Bank of America, Citigroup, and Wells Fargo. But, the rating agency said it changed its outlook on the trio to negative ...

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What the Mortgage Settlement Means to Banks
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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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