“Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions”
Really? “The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets”
What do you “know” about the balance sheets of banks?
