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Viewpoint: Risk Manager Standards Sorely Lacking

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There is no minimum standard that we can look to in risk management circles that would give us comfort over a person's competency or skill.

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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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