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Sunday, September 22 | ||||
Bankers' Hour
The banks found themselves in a tough spot in 1990 with bad loans to South America, a collapsed commercial real estate market, and the broad economy in recession. Now in 2002 the banks once again are facing bad loans to Argentina, a collapse of the IT and telecom industries, and the broad economy in semi-recession. 
Which all means it's probably not a bad time to buy 'em. JPM is yielding over 7%, which ain't too shabby (assuming they don't cut the dividend). |
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