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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (197174)4/21/2009 4:23:13 PM
From: Les HRead Replies (1) of 306849
 
Under one scenario, the test assumes banks will see "no further losses" on these complex securities at the heart of the credit crisis. By contrast, it estimates that the banks' individual loans will lose up to 20 percent of their value.

The methodology "certainly penalizes those banks that are more involved in traditional banking, which frankly have been performing better in recent months," said Wayne Abernathy, a former Treasury Department official now with the American Bankers Association.

He said banks' loan portfolios have lost only about 5 percent of their value so far, whereas the value of complex securities are down 30 to 40 percent.

apnews.excite.com
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