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Rep. Hensarling: GM TARP Funds Will Be Probed

American Banker  |  Tuesday, June 2, 2009

Rep. Jeb Hensarling, R-Dallas, says he is concerned about the disparate treatment of different classes of bond holders as Troubled Asset Relief Program funds are distributed...

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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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