Wednesday, September 09, 2009
Labor Day Musings Part II
...note that delinquencies were nasty in the 1980s and 1990s, but few of them translated into charge-offs. Now we're seeing a really ugly trend - they're translating directly into charged-off loans at a rate that threatens the entire banking system, and despite the claims of The Fed and Treasury that "things have been stabilized" there is no evidence of this in the loan performance data...
Denninger: Labor Day Musings Part II
Denninger: Labor Day Musings Part II
Permalink posted by markw @ 4:47 AM 
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