Big Al45

Foreclosures Actually Dropped (If You Don't Count Five States)

The author should have added the Ohio and Georgia foreclosure rates to the 5 toxic states.

However, he does a point. A local/regional bank that holds a small amount of loans from these 7 states (and no Fannie/Freddie stock or MBS in their investment portfolio) stands a decent chance of surviving the current financial sh$tst$rm.