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Resource ID: #9661
Subject: Banks
Source: Scripps Howard News Service



Scripps Howard News Service finds that the Federal Deposit Insurance Corporation, often viewed as a benevolent entity, often turns ruthless when dealing with the loans of people whose bank has failed; selling loans and property to investors for a fraction of their value even when people want to pay in full has costed hundreds of millions of dollars, October - December 1994.

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