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Why Banks are strong. Sample from

Banks have a great cash flow as long as mark to market accounting is not brought back

Yes they have a lot of"bad paper" no doubt

But the huge yield curve is where their profits are made

BAC you are buying for less than book value

John Paulson who made 20 billion SHORTING the banks is LONG BAC and C ,his 2 largest positions

But I agree real estate especially in CA FLA NV and AZ are in a 20 year bear market IMO