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09/13/09
The recession’s domino effect
Filed under: General, Business
Posted by: Lillian Wong @ 12:27 pm

If it’s a Friday evening in 2009, chances are regulators, somewhere, are taking over a bank.

Whether it’s in Arizona or Georgia, Illinois or California, the number of shutdowns has been accelerating. When borrowers can’t repay their loans and the value of collateral erodes, bank failures often follow.  more…



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