Thursday, Oct 01, 2009
Banks are still toxic
Business Insider: You Have No Clue How Bad Bank Balance Sheets Really Are
The US government’s latest list of “problem” banks, ran to 416 lenders, a 15-year high, as of June 30. One outfit not on the list was Georgian Bank, the second-largest Atlanta-based bank, which supposedly had plenty of capital. It failed last week....and ..Georgian’s clean-up will be unusually costly.
Posted by mountain goat @ 11:24 PM (263 views) Add Comment
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