Hi, VP,
Welcome to the board. Hope to see more of your postings.
What is your take on recent events? I believe the banks are raising as much capital as possible right now because they all know the future is very grim. It's going to be very difficult to raise the cash when all is broken. That's why they aren't lending, either, because they will be needing all of this in a big way very shortly just in an attempt to keep their heads above water. The Fed knows this, too, henceforth the stress test. Nobody is talking about it, but I see it so very obvious why this was done. Other than the now more than obvious p&d that is going on, it's only going to be those few that are left standing with cash on hand that are going to weather the storm of the century that is coming.
Is your bank ready? Have you and your team prepared for the killer storm that is about to strike? What are you guys bracing for and what are you seeing coming? F5 financial tornados followed by famine, life changing hurricanes, and wild fires burning out of control? Sure looks like that is what the banks are all bracing for.
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