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Redeeming Trups Is Attractive But Not Always Feasible

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Comerica's redemption of $500 million in trust-preferred securities will save it more than $20 million a year and sets an example of Dodd-Frank Act adaptation for a handful of other ...

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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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