Nine U.S. banks seized in largest one-day haul

Discussion in 'Financial Cents' started by SLugomist, Oct 31, 2009.

  1. SLugomist

    SLugomist Monkey++

    <CITE class=vcard>By Sam Mircovich and Edwin Chan Sam Mircovich And Edwin Chan </CITE>– <ABBR class=timedate title=2009-10-30T21:11:46-0700>Sat Oct 31, 12:11 am ET</ABBR>
    <!-- end .byline -->LOS ANGELES (Reuters) – U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.

    HALLEJUELLAH the recovery is here!!!!
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