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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (39621)	10/12/2010 10:04:25 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78652

re Banks >>1. not much lending going on<< true but lending margins are at record levels. Many banks have NIM in excess of 4%. >>2. r/e prices still headed down<< I am not sure about that. Prices are falling in some areas and rising in others. in my area (NoCal, prices seem to be ~10% above trough levels. I would describe RE prices as choppy. >>3. foreclosure suspension<< A wildcard. My guess is that it's temporary >>4. potential for legal claims and put backs of sold mortgages because of fraud<< A big issue for BAC (Countrywide) but much less so for WFC and most others. The numbers have been quantified and are quite manageable