Buckle up: U.S. banks could face another $450 billion in losses, warns CBO chief

That’s on top of $500 billion hit so far, says Elmendorf; markets ‘deeply troubled’ By Neil Roland January 28, 2009 3:36 PM ET U.S. banks could face more than $450 billion in losses on top of the $500 billion that has already been recognized, as

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