Dick Bove says "banks could lose $80B", I say so what.

Funny how Wall Street says people should pay their mortgages. Following that belief, Wall Street should be bankrupt. No GS, no MS, no BAC, no C, no FME, no AIG, all should be home less.
 
Quote from DrPepper:

I have read that once a person stops paying their mortgage, it can take a year or two to evict them from the home. This new "crisis" will almost certainly prolong the process even longer. How many people do you think are living in homes that are worth less than the mortgage balance, in addition to being up to their eyeballs in credit card debt and unemployed who now plan to live for free in their homes for as long as possible? I would say that the number is growing rapidly.
More...

According to J.P. Morgan it takes on average 443 days.
 
Quote from rallydog:

Dick Bove has played these banks like a violin. He called the bottom, he called the top. He is one of the few that have any crdibility with his banking calls.
More...

That´s quite a misleading statement. You should check Karl Denninger´s website and the "great calls" old Dick has performed :

Full text search on the right hand side

http://market-ticker.org/
 
You must log in or register to reply here.
Back
Top