"If unemployment reaches 12% US Banks risk models will completly fail"

Discussion in 'Wall St. News' started by Daal, Mar 20, 2009.

  1. Daal

    Daal

  2. All makes sense then. The REAL unemployment rate is already > 12%.
     
  3. Right, we are there already look for unemployement to accelerate in 2010
     
  4. And as Hussman outlined, the toxic asset buyout plan will do NOTHING to improve the equity capital position of banks, it merely improves the QUALITY of the bank balance sheet, replacing junk valued at $X with $X amount in cash.
     
  5. Daal

    Daal

    True. Maybe I'm wrong, yet I keep hearing folks saying everybody will overpay for the assets and I'm thinking 'a cheap put and financing will turn everyone into drunk gamblers?'