Thursday, October 15, 2009
JPMorgan: "You Are Seeing Several Hundred Additional Smaller Regional Based Banks Go"
From the JPM Earnings call (full transcript below as we comb through it - numerous interesting datapoints):
Meredith Whitney: Will you comment on the last question timing of commercial real estate, if it's been waiting and when do you think it affects the industry? Do you have derivative exposure, meaning derivative to someone else's real estate exposure?
Zero Hedge: JPMorgan: "You Are Seeing Several Hundred Additional Smaller Regional Based Banks Go"
Meredith Whitney: Will you comment on the last question timing of commercial real estate, if it's been waiting and when do you think it affects the industry? Do you have derivative exposure, meaning derivative to someone else's real estate exposure?
Zero Hedge: JPMorgan: "You Are Seeing Several Hundred Additional Smaller Regional Based Banks Go"