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IPFS News Link • Economy - Economics USA

Large U.S. banks on brink of insolvency, experts say

02-13-2009 • International Herald Tribune

A sober assessment of the growing mountain of losses from bad bets, measured in today's marketplace, would overwhelm the value of the banks' assets, they say. The banks, in their view, are insolvent.

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Reported By Ernest Hancock

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Large U.S. banks on brink of insolvency, experts say

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