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Banks With All Their ‘Capital’ In Junk Loans
Downey Savings, and then not far behind them, First Federal and Washington Mutual are going to have all the "capital" in junk loans. No one should have any faith in the banking system and should move their money out of … Continue reading
Posted in Economics
Tagged asset quality, bancorp inc, bank of america, bank of america corp, capital ratio, countrywide financial, countrywide financial corp, downey financial corp, downey savings, friedman billings ramsey, homeboy, indymac bancorp, indymac bancorp inc, largest mortgage lender, paul miller, quality deterioration, rapid pace, stock bank, washington mutual, washington mutual inc
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