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Fears Of Another Financial Crisis From The Plunging Big Bank Stock Prices

Wednesday, September 8, 2010 - 1:42 PM
From Buzz blog:
Have you looked at how big bank stocks have done in the past few months? If so, you can be forgiven if you break into a cold sweat and start worrying about a repeat of the fall of 2008.

The article mentions that stock prices of mega banks like Bank of America, Wells Fargo, Citigroup and Chase have fallen on average 25% since April. It also mentions other potential issues that have raised fears of a 2008 repeat. I wonder how many years it would take for higher deposit rates if have a repeat of 2008.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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