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  • inlet_boater inlet_boater Oct 9, 2011 4:55 PM Flag

    3rd Qtr 2011 Bank Performance

    Ays - I'd be careful in assuming that banks are over reserved. If we get a double dip we will see. The ECRI says it is almost certain we are headed into a new recession.

    Also, don't forget they did away with "mark to market" around April 2009 and went to "mark to fantasy", so this whole area of what is proper valuation and adequate reserves is very opaque.

 
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