BUSINESS
09/17/2009 05:12 am ET Updated Feb 13, 2017

America's Japanese-Style Banking Crisis: Billions In Bad Debts

A banking system loaded down with hundreds of billions of dollars worth of unrecognized bad debt -- Japan in the 1990s? No, it's the United States today.

And where are American banks hiding their losses? Among other places, in their loan portfolios.

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