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AUG 25, 2010 6:20pm ET

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FASB Chairman Herz Sets Retirement
AUGUST 25, 2010

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The surprise retirement of FASB Chairman Robert Herz and new plans to expand the board by two introduce all sorts of variables into an equation that will determine how banks ...

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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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