ECONOMY

Will Teetering Banks Be Shoved Again?

The near insolvency of the U.S. banking system this week came about not only because of bad home loans but also because of uncertainty about whom those loans would hit next.

by Corine Hegland

Saturday, Oct. 18, 2008


The near insolvency of the U.S. banking system came about not only because of bad home loans but also because of uncertainty about other kinds of asset-backed securities held by banks. The abyss may have been avoided, but the chasm remains.

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