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SEP 8, 2010 2:31pm ET

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Part One of the Series: Banks Use Election as Payback for Reg Reform
SEPTEMBER 7, 2010
Part Two of the Series: Kanjorski Race May Prove Critical for Banks, Financial Services Committee
SEPTEMBER 8, 2010

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Election 2010

One Election Outcome's a Sure Thing: A New Look for the Senate Banking Committee

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In the third part of a series exploring how the mid-term elections could affect the banking industry, we examine one thing that should be clear come November: whether or not Republicans succeed in taking control of the Senate, the Banking Committee is going to look a lot different next year.

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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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