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JUL 28, 2010 7:20pm ET

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Failed-Bank Deals Losing Their Allure in California
JULY 29, 2010

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Community Bank Chatter Turns Toward 'Live' Deals

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Chiefs of healthy community banks say they are talking more about doing deals with rivals hurt by the tepid economic recovery.

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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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