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2009 Failure Tally Hits Major Milestone

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The industry marked a stark milestone Friday — the 100th bank failure of 2009. It is the first time since 1992 that failures hit triple digits.

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Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
Yes. Facebook Credits threatens to cut off banks from transactions and customer data.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.
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