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Frost Weathers Past, Current Economic Storms

American Banker  |  Saturday, June 6, 2009

Frost Bank has survived the Great Depression, the 1980s savings and loan debacle, and is continuing to grow through the current recession...

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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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