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banks screwed if double dip occurs

Started by Riversider
almost 16 years ago
Posts: 13573
Member since: Apr 2009
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U.S. banks need more capital to withstand a renewed drop in the housing market, according to analyst Meredith Whitney Banks aren’t prepared for a “double-dip” in housing, which “it looks like we are having,” Whitney said today on Bloomberg Radio’s “The Hays Advantage.” http://www.bloomberg.com/news/2010-08-27/banks-will-need-new-capital-to-withstand-renewed-housing-dip-whitney-says.html
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