Banks are expected to face a tough period. With the money supply being squeezed, some lenders may even fold down.
Analysts fear that the second half of 2008, may even be worse and result in collapses of some banks.
As new homes construction falls, and so does value of existing homes, mortgage lenders will have to act swiftly to avoid mortgage defaults. This will be followed by a sharp decline in the earnings for financial firms.
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Analysts fear that the second half of 2008, may even be worse and result in collapses of some banks.
As new homes construction falls, and so does value of existing homes, mortgage lenders will have to act swiftly to avoid mortgage defaults. This will be followed by a sharp decline in the earnings for financial firms.
Discuss
Tell a friend
Bury
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