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Fed's Duke: Changing Bank Oversight Now Could Hurt Lending

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Banks could further slow their lending if Congress too aggressively reorganizes regulation of the industry, Federal Reserve Board Gov. Elizabeth Duke said Thursday.

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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
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