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Woodshedder
Joined Nov 11, 2007
31,929 Blog Posts

Meredith Whitney: “The large banks which dominate most of the lending in the United States are effectively zombie banks,”

CRONKITE Wed Aug 10, 2011 11:22am EST 1 Comment

“You’ve got an expense structure that just doesn’t match the revenue structure. So it’s a classic issue of negative operating leverage. You don’t buy institutions that have negative operating leverage. This is a multi-year cycle that these guys will have to go through.”

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One comment

  1. checklist
    checklist
    August 10, 2011 at 12:32 pm

    last time the banks were all zombies was the best buying opportunity ever, in financials.

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