Banks and Thrifts Take a Beating From Mortgage Market Downturn
March 6, 2008
Although one in four institutions took a loss in the fourth quarter, the banking and thrift industries managed to report $5.8 billion in net income during the period despite the huge drag of slumping housing markets. Banks made out a lot... [Includes three charts]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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