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Report: 98 Bailed-Out Banks Risk Failure

HeadlineDec 28, 2010

And a new analysis shows nearly 100 bailed-out U.S. banks are in danger of collapse despite an infusion of taxpayer aid. The Wall Street Journal reports 98 banks are at risk of failing even after receiving a total of $4.2 billion in government cash. Seven bailed-out banks have already collapsed at a cost of over $2.7 billion. According to the Washington Post, the Obama administration has begun monitoring the board meetings of nearly 20 banks that have repeatedly failed to pay back sums under the terms of their taxpayer rescue.

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