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TMFAleph1 (94.92)

Big Bank Losses Aren't Over Yet

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February 23, 2010 – Comments (2) | RELATED TICKERS: BAC , C , JPM

My thoughts on the canary in a coalmine that is accelerating small bank failures.

Alex Dumortier, CFA

2 Comments – Post Your Own

#1) On February 23, 2010 at 1:07 PM, russiangambit (29.27) wrote:

Another intresting consideration I heard is that GSEs are going through the paperwork on delinquent mortgages to see if it is incomplete/ fraudulent to that they can put the losses back on the originating banks.

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#2) On February 23, 2010 at 1:29 PM, davejh23 (< 20) wrote:

Do you see the gov't allowing any of the big banks to fail?  It's interesting that the number of troubled banks just jumped so sharply...just a couple months after the FDIC announced that they're doubling their staff to handle the "possibility" of increased bank failures.  The pace of failures so far this year has actually been slower than I expected.  Based on the pace of failures over the last half of 2009, the FDIC is staffing up to be able to handle 500+ failures over the next year.

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