Wednesday, Jan 20, 2010
Another comparison with the Great Depression
FT: US banks see recession easing
US banks have lost billions of dollars since the beginning of the credit crisis as the recession prompted over-indebted Americans to default on credit cards, mortgages and home equity loans
Analysts noted that credit costs at the banks remained high as consumers were still reeling from the worst recession since the Great Depression.
Posted by devo @ 10:54 PM (782 views) Add Comment
4 Comments
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1. devo said...
Worst recession since the Great Depression?
Phew, seems like we've had a narrow escape!
Didn't feel a thing!
2. devo said...
And now that the banks and their customers are all deleveraged and stuff, it should be like 'The Only Way Is Up, Babaaay, for you and me nowwwww....' Right?
3. paul said...
Ahhh, we see that old turn of phrase. Any headline that has the following:
" ... set to (rise) ... "
" ... could (rise) ... "
" ... sees (growth) ... "
is just shill journalism. Wishful thinking m'afraid.
4. stillthinking said...
Given the popularity of jingle mail, it beggars belief that they can handle the losses, or earn their way out.