I am some what confused.....
I would have thought that the big bath strategy would have provailed and that the US banks would have taken as much of the sub prime loans losses in one almighty bad finacial year...
Or does the nature of the sub prime mess mean we will see a continual stream of right downs for the next few years because of the way these loans are reseting in the next few years in a rising cost of borrowing environment...
Not an expert by any means of US banks and welcome any views...
regards,
benwex
PS:Write=wright bad spelling sorry
I would have thought that the big bath strategy would have provailed and that the US banks would have taken as much of the sub prime loans losses in one almighty bad finacial year...
Or does the nature of the sub prime mess mean we will see a continual stream of right downs for the next few years because of the way these loans are reseting in the next few years in a rising cost of borrowing environment...
Not an expert by any means of US banks and welcome any views...
regards,
benwex
PS:Write=wright bad spelling sorry
