Obi-Wan Kenobi
/ 178.36.15.* / 2010-06-23 09:18
Szefowa panelu Kongresu do zbadania sytuacji w bankach w Stanach, prof. Elżbieta Warren uważa, że czekają je dalsze straty....
Ms. Warren was particularly concerned about the billions of dollars worth of bad securities and questionable commercial real estate loans still on the banks’ balance sheets. These relics from the boom years could haunt the banks in the future, possibly forcing them back into the arms of the government.
“The stress tests that we performed in February of 2009 calculated possible losses through December of 2010, but commercial real estate losses, because of the way they are set up, will be much larger in 2011, 2012 and on into 2013,”
Ms. Warren reiterated that the stress tests did not take into account the huge potential losses that the banks could be facing in the coming years. To put that into perspective, she said that the four largest banks were still carrying $440 billion in troubled second-lien home mortgages on their books at full value, while having just $505 billion in Tier 1 capital to buffer all bank losses.
Ms. Warren said that the banks face yet another critical capital draw from Fannie Mae and Freddie Mac, the government-controlled mortgage finance giants. Freddie Mac wants to give back $5 billion worth of troubled mortgages it bought from the banks because they turned out not to be of the quality that Freddie was originally promised. Fannie Mae is reportedly doing the same, but has refused to disclose the value of the mortgages that it wants to give back to the banks.