36 Little by little and then all at once. Kinks in the banking industry. (www.linkedin.com) posted 200 days ago by mitmont123 200 days ago by mitmont123 +36 / -0 Fitch downgrades NYCB to junk | LinkedIn Fitch said the decision followed a review of NYCB’s risk profile, noting its “concentrated exposure to commercial real estate.” 3 comments share 3 comments share save hide report block hide replies
Commercial real estate problems are going to ripple through the banking industry.
2008 was residential. 2024 is CRE
Also an insane number of swaps and derivites.
Way worse than 08.
They also have massive short positions on stonks.