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Subject Whoa! US banks told: prepare for 47% drop in house prices

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Original Message :nucexplo:

US banks told: prepare for 47% drop in house prices

The US Treasury told the country's major banks they must ensure their capital levels can cope with a severe recession, including unemployment over 10% and an overall 47% drop in house prices from their peak in 2006.

[link to www.risknews.net]

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