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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Consequences of the Crisis

This is the bust in the boomtown that banks built
Few American cities prospered more over the last two decades than Charlotte, its growth propelled and gilded by Wachovia and its cross-town rival, Bank of America. Now Charlotte is suffering, as the financial crisis left many of the survivors struggling to recover.

By Bob Greiner  |  October 9, 2008; 12:57 PM ET
Categories:  What Went Wrong?  
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