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News Link • Housing

Here's The Real Reason Bank Stocks Are Getting Smoked: Mortgages

• BusinessInsider.com/
 
Everyone has their reasons bank stocks have been getting hammered lately: Regulations are piling up, law enforcement won't quit dogging them over past activities, the economy is mediocre, etc. But as David Goldman argues, it really comes down to this: The market value of subprime/mortgage related assets is plunging.

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