I don’t understand the FDIC stats so I can’t use them. Are they cumulative? Are they national? If something is 150 billion in 2008 and 160 billion in 2009, was there an additional 10 billion or 160 billion of new nonperforming assets. Since I can’t answer that question, even by visiting the website linked I don’t know how to interpret it.
BTW, none of this had to do with my hood, why you going there, again. I read the tea leaves, they are giving me conflicting signs, we got the owner of one of the biggest data sites to post and I wanted to ask some questions, that’t it. Your arguments are stuck in 2007, I made them then, pay very close attention, things can shift, they may very well be shifting, put that hammer away and you might see more than just nails sticking out.
