Are America’s Banks Repeating the Same Mistakes?

Stacey Derbinshire, who blogs at The Economic Advisor, has some thoughts on the bank bailouts.

From all appearances it would seem that U.S. banks are going to make the same mistakes all over again that they made in the last eighteen months!

Throughout 2007 and 2008 many if not most banks held onto dubious assets that they should have quickly disposed of and their stated reasoning, more often than not was that they believed that that the assets were undervalued because of the present financial climate.

Read the whole thing here.

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