No Bottom Yet for Ailing Financials | WHAT REALLY HAPPENED


No Bottom Yet for Ailing Financials

In recent months, even the most blindly optimistic forecasters have come to grips with how our banks and investment banks took wildly imprudent risks that will result in horrific losses. The resulting sell-off in financial shares has tempted many investors to scoop up these companies at apparently fire sale prices. Wise investors should resist the temptation, as the pain for financials is just getting started.

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