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Rock River Valley Banks Wade Deeper into Troubled Loan Waters

American Banker  |  Saturday, June 6, 2009

Banks in the Rock River Valley have more than doubled the percentage of noncurrent loans on their books over the past year, according to the latest data from the FDIC...

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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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