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JPMorgan Chase, Washington Mutual, FDIC Reach Settlement

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Washington Mutual, JPMorgan Chase and federal regulators announced Friday that they have settled disputes arising out of the largest banking collapse in U.S. history ...

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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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