U.S. banks and thrifts in the third quarter suffered a 94 percent drop in profits to $1.7 billion, from $27 billion in the same period in 2007. The institutions wrote off $27.9 billion in loans as uncollectible during the July-September quarter.
http://finance.yahoo.com/news/US-banks-post-first-quarterly-apf-14483155.html
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