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Canada's Top Regulator Not Afraid to Be Assertive

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If you thought Canada's "own the podium" mantra for the winter Olympics ran counter to the country's mild image, wait until you hear how they treat their 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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