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Weekly: 3 American banks break the top 10 amid mortgage foreclosure crisis

|Includes:Akzo Nobel N.V. ADR (AKZOY), BAC, C, CRZBY, DB, EWI, FMY, GE, GS, HCM-OLD, HSM, IVR, JLS, JPM, MBB, MBI, MER, MHL, MS, SNY, VMBS, WFC

 
Amid concerns about the unearthed mortgage foreclosure pandemic facing the United States of America, it appears CDS investors loaded up on swaps referencing some of the largest American banks in the mortgage industry including Bank of America, JP Morgan Chase and Wells Fargo. 






Disclosure: long all stocks

Stocks: AKZOY, BAC, C, CRZBY, DB, GE, GS, JPM, MER, MS, SNY, WFC, MBI, EWI, FMY, HCM-OLD, HSM, IVR, JLS, MHL, MBB, VMBS