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Rosengren: Banks need to jettison bad assets

Boston Fed president Eric Rosengren speaks at the Institute of International Bankers conference yesterday. Boston Fed president Eric Rosengren speaks at the Institute of International Bankers conference yesterday. (Brendan Hoffman/Bloomberg News)
By Robert Gavin
Globe Staff / March 3, 2009

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Banks need to get rid of bad loans and other troubled assets as quickly as possible so they can resume lending to consumers and businesses with good prospects, Federal Reserve Bank of Boston president Eric Rosengren said yesterday. (Full article: 488 words)

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