Follow BeltwayBlips on TwitterBank Losses Complicate U.S. Rescue
Published 1/15/2009 by David Cho, Binyamin Appelbaum and Lori Montgomery at Wash Post In Congress
A new wave of bank losses is overwhelming the federal government's emergency response, as financial firms struggle with the souring U.S. economy, the rapid deterioration of global markets and the unexpectedly high costs of shotgun mergers arranged by federal officials last year.
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