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MAR 14, 2010 2:52pm ET

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Under Scrutiny, Loans Dry Up Even in the Boardroom

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The trend of shrinking loan books has reached those in charge of them. Last year, loans to insiders at the nation's biggest banks fell 31% from a year earlier, to $5.48B.

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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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