Nightmare on Bank St.: Job Losses Rising

Davis, Paul
July 2009
American Banker;7/27/2009, Vol. 174 Issue 142, p1
Trade Publication
The article focuses on the shared belief among banking executives and regulators that unemployment in the U.S. will peak around 10% as a result of the 2009 economic crisis. However, there are growing concerns that the rate could be higher, under uncertainty over how the government stimulus package will affect recovery. Thought is being given to how rising unemployment will impact loan portfolios.


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