“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

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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)