Loan losses on US commercial property...
by, 28th-July-2009 at 10:06 AM (803 Views)
Loan losses on US commercial property rise toward record levels
** WDC came to my mind almost immediately, I reckon there is more write off to come, in addition to raise more capital.
In a different tangent, this news is probably one of the clearest signals the market needs to know - that the banks are not out of the sin bin yet. Once the current rush for their "cheap equity" is over, be prepared for the mad rush to the other direction when sanity returns. How much the market is willing to give back will set up the foundation for the year end second wave of rally, if there's one. jmv.