Dick Bove says "banks could lose $80B", I say so what.

Funny how Wall Street says people should pay their mortgages. Following that belief, Wall Street should be bankrupt. No GS, no MS, no BAC, no C, no FME, no AIG, all should be home less.

 

According to J.P. Morgan it takes on average 443 days.

 

That´s quite a misleading statement. You should check Karl Denninger´s website and the "great calls" old Dick has performed :

Full text search on the right hand side

http://market-ticker.org/