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Great Credit Crunch Continues Despite Positive Housing And Banking Signs

Just before Thanksgiving the FDIC reported that the banking system earned $35.3 billion in the second quarter of 2011 versus $28.8 billion in the second quarter. The gains continue to be fueled by lower provisions for loan losses. At $197.2 billion reserves for losses were down $10.5 billion sequentially, and down 18.5% year-over-year. Non-current loans ...
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