That red ink you see in so many bank earnings? Forget about it. Commercial real estate problems? Ha. Non-performing what? Zombies only exist in the movies! You didn’t actually think that negative shareholder equity meant the common stock was worthless, did you? All they needed was a huge taxpayer backstop and a license to use taxpayer cash however they please. The banks are back baby! When do tickets go on sale to see the next big crisis these guys cause?
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.