The crisis could hit bank earnings in several ways, not all of them directly related to the foreclosure problem. One big risk is “putbacks,” the faulty loans banks could be forced to repurchase. JPMorgan puts that cost at up to $120 billion.
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How Much Will Foreclosures Weigh Down Big Banks? originally appeared on DailyFinance on Mon, 18 Oct 2010 16:00:00.
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