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Posted on 23/11/07

How close is a U.S. banking crisis?

INVESTMENT REPORTER

Could the mess in the U.S. housing markets and its spillover into U.S. financials set off the third major banking crisis in the United States since the Great Depression? Myles Zyblock, chief institutional strategist at RBC Dominion Securities Inc., thinks the answer is yes and that it is likely already starting.

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