HappySqurriel on 18 July 2009
| NJ5 said: Interesting graph HappySqurriel. If I'm reading it right by the end of 2010 there will be an additional $700 billion in losses. The banks can't survive that without a new capital injection (which was known anyway, since the banks are capitalized assuming 8-9% unemployment, I forget the exact number). By the way, that graph doesn't include the commercial property loans, right? |
That is correct, the graph is strictly focused on losses from mortgages and doesn't include things like credit cards, car loans, and other forms of debt.
