Comment on Toxic Assets May Still Pose A Risk, Says Oversight Panel

Toxic Assets May Still Pose A Risk, Says Oversight Panel

WASHINGTON — Despite signs that the financial system has stabilized, banks remain threatened by billions of dollars of bad loans on their balance sheets, and more could fail if the economy worsens, a congressional watchdog reports. In its latest assessment of the $700 billion financial system bailout, the Congressional Oversight Panel warns that banks still hold many risky loans of uncertain value.

 

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