The big banks are sick, and the recent downturn in the sector is a bet that the banks -...

|By:, SA News Editor

The big banks are sick, and the recent downturn in the sector is a bet that the banks - "undercapitalized, overexposed, opaque" - are not ready to withstand the next recession, Barry Ritholtz writes. "A rise in unemployment and another next leg down in housing could very well be fatal."