First Dupage Bank Of Westmont Fails: 17th Illinois Bank Closed By Regulators

Full story: The Huffington Post

An auction last month of loans from the failed New Frontier Bank generated $157 million on a portfolio once valued at more than... Read more from Huffington Post bloggers: It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

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