U.S. homes lost more than 2 trillion in value in 2008, says Zillow.com, a real estate website. 11.7 million American households owe more on their mortgage than their homes are worth. Bush to be swift on GM, Chrysler Bailout Decision, says Bush. Pecos County State Bank, Fort Stockton, TX will assume all of the failed bank’s deposits for a.55 percent premium and will also purchase $3.8 million of assets.”]
Source: https://www.cuinfosecurity.com/two-more-failed-banks-auto-bailout-decision-awaited-a-1109