Relevant:
- The Housing Crisis: Can prices fall even farther?
- Zillow: U.S. Homeowners to Lose $1.7 Trillion in 2010, Already $9 Trillion Lost Since 2006
- Regulators Consider Requiring Banks to Disclose More About Debt Levels
- Housing Doubters Must Now Contend With Data
- Banks' credit crisis solutions have echoes of 1929 Depression
2009-12-23 — ritholtz.com
"These banks STILL have to much debt, too little capital. They books are festooned with bad loans, which, thanks to our corrupt Congress, they no longer have to disclose appropriately. Thanks to Mark-to-Make-Believe, they can pretend these assets are worth near what they paid for them. In reality, they cannot sell them even at 50% off."
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