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In Charlotte, Consequences of The Economic Crisis Are Deeply Felt

Few American cities prospered more over the last two decades than Charlotte, its growth propelled and gilded by Wachovia and its cross-town rival, Bank of America. Now Charlotte is suffering, as the crisis that shattered several of the nation's largest banks left many of the survivors struggling to recover.

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This is the bust in the boomtown that banks built
Article | CHARLOTTE -- A monument to the financial crisis is rising amid this city's thicket of skyscrapers: a gleaming, glass-walled trophy tower that was intended as a fitting headquarters for Wachovia's national banking empire.

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