Relevant:
- Wachovia stops some California loans
- U.S. Banks Have $168 Billion Reason to Avoid PPIP
- Local Banks Face Big Losses
- The True Elephant In The Room Appears: Trillions In Commercial And Industrial Loans To Europe's Insolvent Countries
- Mid-tier Chinese banks piling up trillions of dollars in shadow loans
2009-06-04 — chicagotribune.com
""I think the reason most of these banks will not sell these loans at today's market value is because if they take these losses, based on the loans' book values, they would become insolvent overnight," O'Neill said Monday."
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