“There’s No Reason to Own a Bank”: Barry Ritholtz’s 3 Reasons to Avoid Today’s Hot Sector

Source: Yahoo Finance

Category: Bailouts, Media, Regulation, Video

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One Response to “There’s No Reason to Own a Bank: 3 Reasons to Avoid”

  1. Sechel says:

    Fitting that the banks can avoid market prices for their asset and mark to “fair value” when you consider how many of the resi loans are stated doc( a.k.a self documenting liar loans)

    ~~~

    BR: Yes, the decision by banks to stop requiring credit scores, income proof, tax docs was called origination fraud.

    You can see what a Countrywide employee said about this during the boom (he was overruled by his superiors)