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I am glad you all like the graphs - they really bring the numbers to life. as far as a bottom - it is mathematically impossible to be anywhere near bottom.
Nov 26 10:49 am
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All Comments by Anthony M. Freed »FDIC Graphs Show the Extent of the Financial Crisis [View article]
POA and ALT A resets and recasts will carry on in record numbers into 2012, and will make the subprime 'crisis' look like a teas party (Graph):
seekingalpha.com/artic...
We are lucky if we are 1/3 of the way through these toxic mortgage assets, and commercial losses are mounting - the combination will be overwhelming.
$6 Trillion in bailouts to date, and nothing to show for it. This is now a $20 Trillion dollar problem.