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Availability of Failures Is Discouraging Branch Buys

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First Security decided on the latter last week when it decided to call off a deal to buy three Indiana branches and a pool of loans from the struggling Integra Bank Corp.

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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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