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Jul 29, 2020
2:52
:35
pm
chrisrenrut
Contributor
It happened without much comment, but banks hedged big with setting aside
billions for future loan losses in the 2nd quarrter reports. Most big banks masked it with big gains in capital markets.
Bad news for massive loan defaults ahead, but good that banks are not going to be unprepared for it.
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chrisrenrut
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chrisrenrut
Joined
Dec 17, 2005
Last login
May 25, 2024
Total posts
1,482 (0 FO)
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Messages
Author
Time
It's amazing how long we're delaying the pain of the current economic collapse.
ReyOso
7/29/20 2:21pm
Feds have thrown an unprecedented amount of money at this problem. Way more than was thrown around in 2008-2009.
Pimpin4Paradise
7/29/20 2:27pm
It puzzles me too. In 2007 everyone got hurt; and the rich you were the more you
valleus
7/29/20 2:27pm
They can only mask it so long. When people quit spending which really should be
Nat Gas Man
7/29/20 2:35pm
It happened without much comment, but banks hedged big with setting aside
chrisrenrut
7/29/20 2:52pm
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