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Non-Tech : Banks--- Betting on the recovery
WFC 86.96-0.2%Nov 5 3:59 PM EST

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To: tejek who wrote (1194)10/15/2010 4:31:19 AM
From: David C. Burns  Read Replies (2) of 1428
 
Mortgage Mess May Cost Big Banks Billions
By NELSON D. SCHWARTZ
October 14, 2010


One billion dollars? Six billion? Ten billion? More?

After scratching their heads for weeks over how much the foreclosure mess will hurt banks’ bottom lines, investors got out their calculators Thursday to tally the potential costs — and sent bank stocks plunging.

nytimes.com
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