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  • Today's late morning selloff coincided with the House Oversight hearing on commercial real estate. Fed's John Greenlee sent a chill through markets when he said (.pdf) banks remain at risk of "sizable additional credit losses" given the outlook for production and employment, adding, "Poor loan quality, subpar earnings, and uncertainty about future conditions raise questions about capital adequacy for some institutions."  [View news story]
    guy has no business saying truthful things. Just ruins everything.
    Nov 02 14:30 pm |Rating: +2 0
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