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FEB 2, 2010 2:00pm ET

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Community Bankers Split on Tarp for Small-Business Loans
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Obama Offers Details on Community Bank Plan

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In an attempt to avoid the stigma of Tarp, President Obama announced Tuesday a separate $30 billion program to help small businesses receive loans from community banks.

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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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