Gloomy investor Eric Sprott argues that banks remain extremely leveraged -- especially Canadian banks! -- and that with regulators now looking to make up for the bailout, it's a particularly bad time to be investing in banks, a la John Paulson. (via PragCap)
Sprott---Don-t-bank-on-Banks -
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See Also:
- Even With Government Backstop, FDIC Unable To Dump Failed Banks
- Forget Meredith Whitney, Paulson Loves American Banks (CBY, BAC)
- Meredith Whitney: "I Haven't Been This Bearish In A Year" (XLF)
Full story at http://feedproxy.google.com/~r/businessinsider/~3/YFQx5tlZJrU/eric-sprott-no-way-should-you-bet-on-the-banks-2009-11
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