Bob Jones

Here's What's Wrong with the Banking Sector

Most banks have been moving money every quarter to the loan loss
reserves and are preparing to take the loss. Not all banks have these
toxic loans so lets not lump all banks into this category. Finally the
government has the time and money to hold these types of loans
long enough to see a recovery and will buy most of these loans from
the banks. In conclusion if Wall street becomes toxic then put your
hot dog stand into a truck and move to another area don't give up.