dwshorowitz

Do you mean to say they had high credibility a couple years ago?

Thanks for taking the time to read my article. In this situation there aren’t any obvious winners except those with cash that will be able to buy properties and other assets at discounted prices given the cascade of selling we’re likely to see in the coming weeks and months. Banks will suffer with non performing loans across many industries and loan types. Banks also have compression of net interest margins with rates close to zero. But banks are in good shape going into this mess and will likely be backstopped by the federal government and will probably come out in a lot better shape than other stakeholders.