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Head of Seized Founders Bank Seeks to Save Remaining Institutions

American Banker  |  Monday, July 6, 2009

Days after regulators shut down six of his Illinois banks, Lyle Campbell said he's trying to raise capital for the three remaining lending institutions in his privately held banking business...

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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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