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Ireland to Split Anglo Irish into Funding, Asset Banks

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Irish Finance Minister Brian Lenihan said Wednesday that the nationalized lender Anglo Irish Bank will be split into a "funding bank" that will continue to operate and an ...

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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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