Nov 9, 2010

If Defaults Keep Rising US Banks Will Be Insolvent Again.

"If 11.5 million more households default on their mortgages most US banks would be insolvent again."

Nouriel Roubini, Twitter, November 9

Related stocks: Bank of America Corporation (BAC), Citigroup Inc. (C), JPMorgan Chase & Co. (JPM), Wells Fargo & Company (WFC) , Morgan Stanley (MS), SunTrust Banks, Inc. (STI), Financial Select Sector SPDR (ETF) (XLF), Direxion Daily Finan. Bear 3X Shs(ETF) (FAZ), Direxion Daily Finan. Bull 3X Shs(ETF) (FAS), Fifth Third Bancorp (FITB), Huntington Bancshares Incorporated (HBAN)