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2008-11-22 15:15

Federal regulators shut 2 California thrifts (AP)

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The logo of Minnesota-based US Bank is shown at the Bloomington, Minn., branch in this Monday, July 16, 2007 file photo.U.S. Bank is acquiring all the deposits and nearly all the assets of both Downey Savings and Loan Association, based in Newport Beach, and PFF Bank & Trust of Pomona after Federal regulators on Friday Nov. 21, 2008 shut down the two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. (AP Photo/Jim Mone, FILE)AP - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.


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