FDIC Shuts Down NetBank Due to Defaults

September 29th, 2007 in Technology / Other

(AP) -- NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because of an excessive level of mortgage defaults.

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"FDIC Shuts Down NetBank Due to Defaults." September 29th, 2007. http://www.physorg.com/news110255604.html