“Stress Test” results are in: US Banking System is in complete and total collapse.
Massive wave of foreclosures hitting California this month
Wells Fargo, and banks appear to be bottoming. Don’t rush to buy.
Andy Beal: “Unemployment is going over 10%, commercial real estate hasn’t even begun collapsing and corporate credit defaults are just getting started”. A great time to be buying distressed assets from Vikram Pandit, and Ken Lewis!
Blackstone (NYSE: BX) could benefit from Geithner and dividend reinstatement
Jim Cramer: BK and STT could be best way to play banking revival
Buffet Disciple Buying AXP, WFC
Trump: “No thanks, I can lose my own money.”
