It reminds me of the hyenas on the Serengeti, circling the wildebeest herd, looking for the weak one...................
It is like that sort except in reverse IMO, the hyenas on Wall Street are looking for quality assets by paying pennies on the dollar and all the crap gets absorbed by the taxpayers.
This will continue until most if not all of the quality assets are gone and the rest will be owned by the taxpayers.
“hyenas on the Serengeti, circling the wildebeest herd, looking for the weak one”
It is easy pickings out there—I agree with the quote in the article that probably half of all banks are insolvent when their assets are marked down to market.