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Banks Will Face Their Own Debt Crisis as Trillions Come Due

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There is another gathering threat that has not garnered much notice: the trillions of dollars in short-term borrowing that institutions around the world must repay or roll over in the next two years. U.S. banks must refinance about $1.3 trillion through 2012.
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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