The rate of real estate delinquency has increased and caused one writer, James Rickman, to question whether we need another bailout.
The "ripple effect," means that more than 150 publicly traded lenders own nonperforming loans that equaly 5% or more of their value and holdings. At this level, former regulators say can wipe out a bank's equity and threaten its survival.
More banks may be up on the chopping block!
Saturday, September 12, 2009
Do we need another bailout?
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