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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: insolvent

insolvent stories: 2 news summaries
ANALYSIS

America's Biggest Banks Are Zombies

Many are already insolvent, and feds will need a bolder plan

Feb 13, 09 8:30 AM CST
(Newser) - In the corridors of Wall Street and Washington, a worrying consensus is growing: Some of the nation's largest banks are in fact insolvent. If banks reassessed the value of the complex mortgage-backed securities that taint their balance sheets, they would outweigh all assets on hand, writes Steve Lohr of the... More »

MORE ABOUT:
debt • mortgage backed securities • banks • financial crisis • insolvent • toxic assets

(Newser) - A New York University professor who predicted the current economic crisis warns that losses at US banks could climb to $3.6 trillion, leaving the whole system essentially bankrupt, Bloomberg reports. Economist Nouriel Roubini argues that since the system has a base capitalization of just $1.4 trillion, if losses... More »

MORE ABOUT:
bankruptcy • credit crisis • financial sector • writedowns • losses • oil prices • banking industry • insolvent

2 Stories


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