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Apollo to Acquire Citi Unit

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Apollo Management agreed to buy Citigroup's real estate investment unit in a move that will more than triple the value of the private-equity firm's property assets, a person with ...

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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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