The main line that sticks out is......... And even with the $2 trillion of government support, most of these financial institutions are insolvent, as delinquency and charge-off rates are now rising at a rate--given the macro outlook--that means expected credit losses for U.S. financial firms will peak at $3.6 trillion. So, in simple words, the U.S. financial system is effectively insolvent.
Forbes: US financial system effectively insolvent
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Posted - 03/06/2009 : 02:58:55
