Saturday, Apr 19, 2008
Banks: we're in the money...
FT: Matthew Vincent: Time flies but houses sink
This article suggests that the money being thrown at the banks will have less impact on mortgage lending than the banks' balance sheets. While house prices fall, bank shares will rise. Economic incompetence richly rewarded. Buy banks?
Posted by letthemfall @ 12:31 PM (243 views) Add Comment
1 Comment
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1. renting2 said...
Next year's bonuses will be based on who got the most from GB/AD for their shareholders.