Relevant:
- Georgia banks lose $3.3 billion in 2009
- Rogers: "Volume Is Not Going To Come Back. We've Had A Great 30 Years. That's Finished!"
- MarketWatch's Arends: Corporate Debt Market Is a Bomb About to Explode
- Mr Mortgage on Mortgage Modifications: You May Qualify!
- "Shhhh... It's Even Worse Than The Great Depression"
2009-06-26 — thenewmortgagecompany.com
" With the high estimate of losses, the industry needs to raise an ungodly $2.6 trillion of new capital. Or they need 13 years of great years in a row. And they give away every one of those 13 years of great profits to stand in the same place they are standing right now. Why would anybody want to own anything that has any connection to this?"
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