Aug 24, 2011
Is The Banking System Back To 2008?
Amplify’d from seekingalpha.com
Recently there has been some discussion about the stress showing up in the banking system. Cullen Roche at Pragmatic Capitalism pointed out that the CDS market in the selected European banks is showing higher levels of stress than 2008:
Don Fishbach pointed out that the average CDS level for US banks is higher than levels seen in March 2008, which is worse than the Bear Stearns peak but lower than the worse stress seen during the Lehman Crisis:
See more at seekingalpha.com
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