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IPFS News Link • Economy - Economics USA

Charts of The Day: Banking System Remains in Perilous Health

02-28-2010 • Ritholtz.com

That is what happens when we elected to go Japanese rather than Swedish on the financial sector — We saved the Banks, but sacrificed the Banking System. The problems are greatest in construction loans for single-family homes, where nearly 40 percent of the loans either are delinquent or have been written off as uncollectible. But they are also high in mortgage loans for single-family homes, where $1 in every $8 of loans is troubled.

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Reported By Jack Gregson

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