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Ford Motor Credit in $1B Bond Sale

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Ford Motor Credit was selling a billion-dollar bond backed by auto loans Monday, just days after urging resolution of a regulatory dispute that had threatened to close ...

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What the Mortgage Settlement Means to Banks
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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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