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Fiduciary Standard Meets Stiff Resistance from Insurance Brokers

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The staunchest opposition to a universal fiduciary standard that would put clients' interests first isn't from securities brokers, it's from insurance agents.

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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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