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Banks Obviously in Trouble, 91 Banks Missed May Payments to Treasury

By Implode-Explode Heavy Industries

"Perhaps most disturbing was that the analysis found that 20 banks have missed at least four payments since the program began in 2008, and eight banks have missed five payments. The data did not make clear how many of these defaulting loans are due to actual hardships, and how many are strategic defaults, but some taxpayers say they?re suspicious."

Full post as published by Mortgage Lender Implode-o-Meter on June 18, 2010 (boomark / email).