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Prudence Helps Spanish Bank Grow Despite Crisis

American Banker  |  Friday, April 3, 2009

Francisco Gonzalez, chairman and chief executive officer of BBVA, recently spoke with the Houston Chronicle about his bank's plans for Texas, among other things...

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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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