I can identify with 4plexowner. I share his views. I think that one thing needs to be pointed out, its not the banks that are going to “take it in the shorts,” its going to be the Mutual Funds that everyone is into.
They are not FDIC insured.
Don’t accuse me of yelling fire in a movie theater,but the banks are not that stupid, its your Mutual Funds that are going to eat you alive. After all, 31,000 mutual funds linking to the S&P500 index with a index fund is a sheer lunacy. Using that option leaves them free to invest in real estate loans. If one goes down, they all go down.
