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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: copper000 who wrote (137809)7/30/2008 8:24:06 PM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
I don't think the banks as a whole will crash. A lot of weaker ones will most certainly fail but there is a big safety net under the system which should hold up.

The problems I see are:

1. How much more garbage is there to write off?
2. What are they going to do to return to profitability?

Issue 2 is a particular problem for the Wall Street investment banks.

Why would anyone want to own the banks right now?


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