Revisiting regional banks

As you know from reading my blog, I am expecting a lot of writedowns from regional banks as real estate loans sour.

In fact, I expect a number of bankruptcies because of defaults in commercial real estate where much exposure is hidden. Below is a clip of Bain Slack of Keefe Bruyette & Woods, who has a few words to say about the regionals, especially in the Southwest.

Take a look.

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As you know from reading my blog, I am expecting a lot of writedowns from regional banks as real estate loans sour.

In fact, I expect a number of bankruptcies because of defaults in commercial property where much exposure is hidden.  This is an issue I have been writing about since May. Many of the larger regionals, which have already received TARP funds will suffer large writedowns despite having low subprime exposure.

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Below is a clip of Bain Slack of Keefe Bruyette & Woods, who has a few words to say about the regionals, especially in the Southwest.

Take a look.

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