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By Robert Barba
MAR 15, 2010 5:33pm ET

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Flagstar Heads to Public Markets to Raise $250M

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Flagstar Bancorp in Troy, Mich., announced Monday that it is raising additional capital a month after an effort to raise funds from existing shareholders came up short.

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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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17th Annual Best Practices in Retail Financial Services Symposium
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