Home prices could fall by another 25% in the US according to Meredith Whitney.
Written by Michael Markowski on
September 10, 2009 – 10:13 pm
She is one of the few bank analysts, which had sell ratings on all of the banks before they declined significantly in 2008. Her argument is that banks are ill prepared for an unemployment rate of 10%.
“No bank underwrote a loan with 10 percent unemployment on the horizon,” Whitney said. “I think there is no [...]
