Description: Three U.S. banks failed on Friday, bringing the total to 98 this year, as regulators continue to shutter financial institutions that are overwhelmed by bad loans and liquidity problems.
Source: Reuters.com
Date: 10/02/2009
Keys: Banking (p558), Economy (p66)
Link: http://www.reuters.com/article/ousivMolt/idUSTRE59208120091003
Questions for discussion:
- How are banks similar and yet different from other businesses?
- Why have these banks failed?
- How are the problems and successes of the economy reflected in the operations of the banks? Explain your thinking.
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