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Feds Order AMCORE to Raise Capital

American Banker  |  Friday, June 26, 2009

The $5.3 billion banking company, which is based on Seventh Street in Rockford, has lost nearly $130 million over the last five quarters because of rapidly rising loan defaults...

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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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