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Investment Fund in Deal for Utah Bank

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One Main Street, an investment fund in New York City, has announced an agreement to buy the tiny Liberty Bank in Salt Lake City with a plan to expand it into a regional bank.

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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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