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Fed's Hoenig: Important for Fed to Watch Over Smaller Banks

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Federal Reserve Bank of Dallas President Thomas Hoenig argued Thursday against stripping the central bank of its bank-oversight role and said it was especially important ...

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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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