December 27, 2010

OH, GOODY: A Ton Of Bailed-Out Banks Are On The Brink Of Collapse. “98 American banks that received $4.2 billion in bailout money are teetering on the edge of collapse, according to the Wall Street Journal. In Q2 the number of unsound banks numbered 86; the increase to almost 100 institutions – most of which are smallish banks with about $439 million in assets – comes as a result of decreasing capital and more bad loans.”

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