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cbwang888 (25.80)

Whitney: Banking Woes Likely to Get Worse in 2009

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March 17, 2009 – Comments (2) | RELATED TICKERS: C , COF , AXP

 

Story: Whitney: Banking Woes Likely to Get Worse in 2009

 

"In fact it will look worse because there's so much credit coming out of the system."

More lending = more loss.

Need I to say more?

 

 

2 Comments – Post Your Own

#1) On March 17, 2009 at 10:34 AM, jgseattle (38.10) wrote:

"credit coming out of the system"  is that more lending?  Or the removal of credit so poeple have less access to capital?

 

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#2) On March 17, 2009 at 10:53 AM, cbwang888 (25.80) wrote:

Default is up. More bad loans has to be written down. You can see banks are tightening the credit card limits now because their are feeling more pains.

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