Monday, March 10, 2008
an analysis of housing and the monolines
the news is essentially all bad, i fear.
as an aside, this fox business news article mentions richard suttmeier's call of M&I as one of the banks most probable to fail going forward on the basis of overexposure to commercial and development loans.
and if things play out approximately this way -- and they largely will, i think -- it won't be a surprise.