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July 14, 2008
Short the Regional Banks
The national banks get all the news but the real rot is in the small regional banks. They hold bad paper and have much less cushion to survive the hard times. caveat emptor
July 14, 2008 | Permalink
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Comments
Citi will be single digits before this is over.
Posted by: jordan | Jul 15, 2008 8:05:33 PM
With over $32B in assets and just over $19B in deposits as of March 31, IndyMac was the biggest American lender to fail in more than two decades. IndyMac was spun off from Countrywide Financial back in 1997.
Posted by: jordan | Jul 15, 2008 8:22:57 PM
