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FDIC Seizes Three Banks, Expanding Loan-Relief Effort

Posted by neophyteblogger 1281 days ago, popular 1280 days ago (http://www.washingtonpost.com)
Category: Economy | Tags: downey savings fdic loan association
Federal regulators seized three banks last night, including Downey Savings and Loan Association, a large California mortgage lender, expanding what is by far the most expensive crop of bank failures in modern American history and indicating that the pace of failures is increasing.
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