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Issue of December 17, 2007 |     |
Local Banks Adopt Reserved PostureBy Amy Wyeth Like squirrels gathering nuts for a long winter, banks across the country collected reserves at a record pace in the third quarter of the year as loan delinquencies surged higher. Rate-Freeze Proposal Making Local Industry Experts Wary By Amy Wyeth A U.S. government-backed plan to freeze mortgage interest rates for five years for certain subprime mortgage borrowers is drawing local reaction that’s guarded at best. |
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