Fannie Mae-No Politics (FNMA)

[RISK_IT]

Yes, we must take his comments with a grain of salt:


a blast from the past for Dick from August 2008 (a month before Lehman) - though the list goes on...

"If you take a look at the structure of the banking industry right now, you will see there is more equity in the banks than their has been for the last couple of years; deposits are rising, reserves are higher, and their loan volume is growing. I would argue they are in pretty good shape.

You might see failures among the lowest 6000 banks but it won't have an impact on the system.


http://www.forbes.com/sites/cfainstitute/2012/04/18/should-you-listen-to-dick-bove/