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Real Estate & Property Law

: Housing Wire

Fed?s Rosengren: Get Bad Assets off Bank Books

By KELLY CURRAN

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Gaining insight from the banking crisis in Japan a decade ago, the United States should immediately remove troubled assets off bank balance sheets, the president of the Federal Reserve Bank of Boston said Monday. “Banks with troubled assets focus on avoiding further losses and further depleting capital,” Boston Fed chief Eric Rosengren told a conference of [...]

Full post as published by Housing Wire on March 02, 2009 (boomark / email).

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