DS News Reports: "Banks Charge Offs now exceed depression era levels"

DS News, one of the default industries leading publications reports that banks are now charging off loan debts faster than in the great depression.

According the "Moodys" which is a firm that reports data and reports credit ratings... only included data from the largest of firms for these numbers, which means that information from many of the hardest hitting banks is not includeded in these numbers.

With the credit crisis continuing many banks are projecting "bleak" profits 4th quarter in to 2010. To read the actual article click here

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