This June 2007 presentation from Wachovia has been making the rounds (not-so-big PDF file). The Sword of Damocles was hanging 3 inches above their neck and they were still pushing the "Pick-a-Pay" ticking time bombs. Put on your waders before reading.
Saturday, September 5, 2009
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2 comments:
Little speed tape'll fix that right up!
And I'm still wondering about CRE exposure.
Will the Feds simply let banks carry CRE loans at par forever?
Meanwhile, the Tan Man enjoys life in retirement, and is currently seeking a dismissal of the SEC fraud case against him.
Every single bank higher-up should be imprisoned for life, if not executed...
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