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LaSalle Is BofA's Other Vexing Deal - WSJ.com
Until recently, banks across the country were active in lending to real-estate developers and builders looking to take advantage of the unprecedented housing boom. But now, an increasing number of heavily indebted builders can’t sell their newly built projects and are falling behind on their payments. With that, banks such Bank of America are finding themselves saddled with an accumulating portfolio of bad loans that they themselves made or that they inherited in mergers.