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If this isn't a recession than what?

Sun Jul 6, 2008 10:07PM | By Tony

See more in Economy | Permalink | Email | Comments (0)

The value of homes owned by U.S. banks more than doubled to $8.6 billion in the first quarter of 2008 from $3.59 billion a year earlier as lenders repossessed homes in default, data compiled by Federal Deposit Insurance Corp. in Washington show."

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