Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish
Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. I want to read to you the FDIC’s conclusion from their An Examination of the Banking Crisis of the 1980’s and Early 1990’s. To you, manage your interest rate risk. Who would’ve thought lending $1 million to a San Francisco cab driver to buy a house at 100% loan to value would go bad?
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