Mish's Global Economic Trend Analysis Message Board

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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 10:45:50 AM
From: LLCF	Read Replies (1) of 116555

<Smoke and mirrors, tiny loan loss reserves, right at the point when foreclosures and deliquencies are surging.> I don't know the inner workings of banks overall portfolio's, but they do seem to have been masters of packaging, marketing, and offloading risk from all the sh&T that their nice fat clients excrete. IMHO it may not be all that important what the state of the actual money center banks are as the systematic risk is certainly somewhere... AND they have had an integral part in it's existence. FNM & FRE are good examples... DAK

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