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Ex-Northern Rock CFO Hit with Fine, Ban

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Former Northern Rock chief financial officer David Jones became the third executive of the British bank banned from working in the industry in the wake of the mortgage ...

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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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