Certain American banks, it appears, didn't get a very important memo: Losses tend to rise, not fall, during a recession.The Wall Street Journal reports some large banks, contrary to what seems logical in an economic slowdown caused by massive amounts of bad debt, aren't raising loan-loss reserves as fast as their loans are souring.
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2-22-2025
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They're saying F-U to Congress, essentially read more | digg story
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