Experts urge more action on banks’ toxic assets

Without direct intervention, they say, recovery is far off

By Steve Lohr / The Bulletin
February 13, 2009

Many of the nation’s large banks, according to economists and other finance experts, are like dead men walking.

A sober assessment of the growing mountain of losses from bad bets, measured in today’s marketplace, would overwhelm the value of the banks’ assets, they....

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