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Morgan Stanley Tops Deal-Fees List

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Morgan Stanley ranks No. 1 in M&A fees so far this year and could knock Goldman Sachs Group Inc. off the top position it has dominated over recent years.

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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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