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Banks just working through the first of three or four perfect storms that are coming

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 2 years 23 days ago (dollarcollapse.com). Views: 223
Tags: housing bubble

Related Tags: credit crisis gold wall street peter schiff economics inflation banks

Avoid the financials, particularly banks. They’re just working through the first of three or four perfect storms that are coming. They’re dealing with their subprime problems but they haven’t set much aside for the coming consumer credit card and auto loan recession; they haven’t set much aside for the coming wave of corporate loan defaults, nor have they prepared for a commercial real estate downturn. According to the FDIC, many banks’ commercial real estate exposure is triple their capital. I wouldn’t touch most commercial real estate loans made in 2005-2007 with a ten foot pole. They’ll have to write a lot of this off as the economy deleverages.

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Housing Bubble and Bear Links (1,486 Links)

Created by ian 2 years 345 days ago in Finance. Views: 12,626. Link Views: 417,828
Tags: housing bubble investing real estate subprime mortgage finance economics
Related Tags: wall street stocks business video politics infesting economy financial

This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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