First the borrowers. Now the banks. Federal and state regulators have closed eight banks this year, four since the start of July, as rising borrower defaults on residential and commercial real estate loans start to push some lenders into default, too. There were no bank failures in 2005 or 2006 a... -
Bank Failures Rise but Critics Say Not Fast Enough
First the borrowers. Now the banks. Federal and state regulators have closed eight banks this year, four since the start of July, as rising borrower defaults on residential and commercial real estate loans start to push some lenders into default, too. There were no bank failures in 2005 or 2006 a...-
By Binyamin Appelbaum