Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Once again, bank stocks are under scrutiny following the surprising loss reported by New York Community Bancorp last week. Fear that unrecognized loan portfolio problems could be widespread caused a general sell-off in bank shares. The Rabid Capitalist perceives a range of possible consequences from the corporate and commercial real estate (“CRE”) debt maturity paywall that should be described as the good, the bad and the ugly.
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