Commercial Banks lend $9 for every dollar the have.(9X)
Average Investment Bank 15X
Bank Of America 32X
Citibank 47X
Oops is right. When they have a bad loan it gets multiplied by those factors.
His talk is only a small part about what is going on in our market and world but the whole talk is interesting.
And his perspective is familiar but I like his take, “Inside the flames of now we have to look to the future.”
Found at BloodhoundRealtyBlog.
How Deep Are The Banks In Their Problems?
