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IPFS News Link • Economy - Economics USA

Bankers' Worst Nightmare Materialize

1-28-09 • Michael Shedlock / Mish

Bankers' worst nightmare is the unemployment rate climbing toward 10%, a level at which credit losses could balloon unpredictably because of high defaults among people with previously strong credit histories.

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Reported By Jack Gregson

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Bankers' Worst Nightmare Materialize

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