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Schwab Buying Boston Firm Windward for $150 Million

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Charles Schwab said Monday that it has agreed to buy Windward Investment Management of Boston for $150 million in stock and cash.

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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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