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Mack Urges Stiffer Regulatory Oversight

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John Mack, the CEO of Morgan Stanley, said he welcomes the increased regulation by the Fed that came after the investment bank converted to a bank holding company as the ...

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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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