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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: russwinter who wrote (50464)5/3/2006 9:45:57 AM
From: John Vosilla   of 116555
 
Seems Wall Street still doesn't buy the smoke and mirrors argument with regards to our banking system. Hard to say how big the impact of what we all expect to be a bloodbath of foreclosures to hit within a year will be on them. Short a bunch of the 'levitating lenders'..CORS,LEND,DSL and FED which I think get hit very hard. Whether Bank America, JP Morgan Chase or Citicorp take a big hit remains to be seen if the business side remains strong..
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