Why are the Big Boys In Banking So Quiet?

There is no doubt that the Big Boys in Banking are going to suffer from the sub prime fallout. They also are guilty of doing sub prime and other types of products that put the borrower in a tight spot down the road . As we have said for the past year these loans are being made to borrowers who do not qualify for a mortgage in a normal way and greatly overextend themselves. Most of the big players have a large division of sub prime. They may try to isolate themselves from this division but it belongs to them along with all the defaults that go with it. Their bottom line will be reflected in their financials with these huge losses coming out of the stockholders pockets. As a borrower you need to focus on what you can afford with your financial situation NOW. As a stockholder of Bank stocks or Mutual Funds you need to be aware of future losses showing up and affecting their values in a large way. Read this article about what is going on with the Big Lenders. www.rateinformer.com