Yes, yes. Everything is good in the world. Except that banks have been quietly sucking wind for quite some time and their collective instability is daunting. Sez Bloomberg:
More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.
The number of banks exceeding the threshold more than doubled in the year through June, according to data compiled by Bloomberg, as real estate and credit-card defaults surged. Almost 300 reported 3 percent or more of their loans were nonperforming, a term for commercial and consumer debt that has stopped collecting interest or will no longer be paid in full.
Expect great things in future from Friday FDIC announcements.
Toxic Loans Topping 5% May Push 150 Banks to Point of No Return [Bloomberg]
too EP didn’t read
Seriously, it is Friday. I want a headline that reads: “Investor’s pleasantly surprised…”
Your not the same dude I knew man, your not him!
‘Cause you’ve been acting different since you’ve been hanging with them
You were the coolest one I knew most distinguished of the pact
But now you bug with beetles and invest in something wack
Me, the third person, I like the first version
Then you switched style and compiled with dung cohersion
I guess you’re feeling the points of peer pressure
Never do what beetles do even if they sweat ya
Old principles it’s like you never had a need for
You’re the one on my list deeply interceed for
Heeey! Let your ears be deadend
to the screaming of beetles and all the mess that they tread in
CNB taken by BBT today. That’s not the only bigee to come