waf76

Bearish on Banks - Why Now Is the Time to Sell

I couldn't disagree anymore about your statements regarding the FDIC borrowing from banks. I didn't click to see what your additional comments were on it but borrowing from the banks will surely happen. Concerns about regulatory capture at the FDIC will be trumped by the need for money. Any bank that has received an enormous favor, (i.e. FDIC's seizure and JPM's purchase of WaMu) will be first in line to help out. But who knows I could be wrong.