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Troubled Securities Threaten to Drown Banks

Feds set to seize Texas' Guaranty

By Matt Cantor, Newser Staff

Posted Aug 21, 2009 10:48 AM CDT

(Newser) – Bad loans have been killing off banks at the fastest rate in 17 years—but now, securities purchased from other banks are a mounting threat, the Wall Street Journal reports. Thousands of banks nabbed securities dependent on mortgages and the financial industry. “Under most... Read full story »

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Troubled Securities Threaten to Drown Banks

Feds set to seize Texas' Guaranty

bank • securities • mortgage backed securities • financial institutions • housing crisis • bank failure

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More Newser Stories

New Probe: Did Banks Dupe Credit Raters?

New York AG Andrew Cuomo investigates 8 big banks

Fed Rolls Out Plan to Limit Bank Pay

It works in tandem with pay czar's new compensation rules

Wall Street Forking Out Record Pay

Pay at top firms expected to hit $140B as markets rebound

FDIC May Borrow Billions From Banks

Tapped-out deposit insurance fund mulls reverse bailout

Meet Wall Street's Most Shameless Failures

'Mulligan Club' keeps hustling disastrous securities

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