"Massachusetts' East Bridgewater Savings Bank claims to have no bad loans on its books. Bank officers say that's because they have very high lending standards. Those standards are too high, according to the Federal Deposit Insurance Corp. The agency rapped the bank for not lending more and slapped it with a "needs to improve" rating under the Community Reinvestment Act."
FOXNews.com - FDIC Criticizes Massachusetts Bank With No Bad Loans for Being Too Cautious - Local News | News Articles | National News | US News
If you had any questions about who is to blame for the fragility of the banking "system," look no further than this article...
FOXNews.com - FDIC Criticizes Massachusetts Bank With No Bad Loans for Being Too Cautious - Local News | News Articles | National News | US News
If you had any questions about who is to blame for the fragility of the banking "system," look no further than this article...
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