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S&L crisis

Ken Lewis makes dubious claims

March 9, 2009

BOA chairman Ken Lewis has written an opinion for the WSJ ("Some Myths About Banks")  containing the following "myth" and rebuttal: The banks are insolvent. In the past 18 months, we've seen fewer than 50 bank failures. That compares to about 2,000 failures or closings of commercial banks or savings institutions between 1986 and 1991. There may […]

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