New wave of loan losses hitting at a bad time for banks

“A new wave of problems could be approaching the mortgage industry. U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, and that could be another hit for the banks.” Here is a direct video link.

Given the advent of new regulation reducing profits from some of their criminal and unethical practices as well as the rash of litigation and record fines they have been dolling out for securities violations of late, another wave of loan losses will be hitting banks at a difficult time.

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