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Suggested Predictions
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On Aug 22, Columbian Bank and Trust of Topeka, Kansas, was shut down by the Federal Deposit Insurance Corp. and other regulators, making it the "ninth" U.S. bank to fail this year as a weakening economy and falling home prices take their toll.
Still, the loudest complaints on Main Street relate to rising commodity costs and inflation, especially expensive fuel and food. Gasoline prices have become a key issue in the Presidential campaign. U.S. consumers are spending less as retailers and restaurants struggle. How many US banks will be closed in 2008?
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