Relevant:
- MGIC Posts First Profit in 12 Quarters on Lower Claims Costs; Shares Gain
- Wells Fargo Profit Falls as Energy Loans Sour, Costs Climb (AND ZIRP HURTS)
- HSBC Posts Smaller-Than-Estimated Gain in 2009 Profit
- AIG Plunges as Sales Decline at Property-Casualty, Life Units
- MGIC Posts Loss as Delinquencies Rise
2007-10-17 — bloomberg.com
"Costs to bail out lenders more than tripled to $602.3 million from a year earlier as U.S. home prices in the nation's biggest markets fell, making it harder for lenders to recover when loans go sour. ... ``Things are going to get worse from here,'' said Rob Haines, an analyst at CreditSights Inc. in New York. ``We've got a couple of scary quarters ahead of us.''"
Or maybe what we have ahead of us is a depression, Rob.
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