Posted on 08/18/2009 8:36:06 AM PDT by cowtowney
Edited on 08/18/2009 8:36:39 AM PDT by Admin Moderator. [history]
Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank
(Excerpt) Read more at market-ticker.denninger.net ...
In other words, we are screwed.
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