Housing prices have done nothing but go down down down and with Huge amounts of inventory still on the markets and more coming with delequincy rates rising and more forclosures just over the horizion the banks have got to be in terrible shape they lent out all this money at the height of the housing bubble and even now along the way down people buying only to find them selves under water its kinda like buying a stock in the middle of the bubble bursting only to find your self under water on it and losing from your investment thats how housing is right now and with no bottom in sight the banks balance sheets are horrible shape and the loses keep getting bigger and bigger as they try to extend and pretend the fact is the major banks like BAC C are broke and insolvant and if most depositors knew the truth would run on the bank asap and would cause them to collapse
the banks in this country cant pay up if everyone runs down to withdrawl all there money they simply dont have it our banking system is broke and insolvant and nothing has changed since 2008 we have simply attemped to paper over the problems but the problems are still there and prob even worse today then what they was in 2009 as i said house prices have continued to decline since the March lows just something to think about
#board-2412
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