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Little by little and then all at once. Kinks in the banking industry. (www.linkedin.com)

posted 274 days ago by mitmont123 274 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.”

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– Revodude 4 points 274 days ago +4 / -0

Commercial real estate problems are going to ripple through the banking industry.

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– ILoveIvermectin 2 points 274 days ago +2 / -0

2008 was residential. 2024 is CRE

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– Pbman2 3 points 274 days ago +3 / -0

Also an insane number of swaps and derivites.

Way worse than 08.

They also have massive short positions on stonks.

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