Banks continue to suffer from losses on non-performing loans, and U.S. home prices will fall again amid increasing supply and sluggish demand, according to [banking analyst Meredith Whitney].
“I’m steadfast in my belief there’s going to be a double- dip in housing,” she said. “You will see clearly that the banks are under-reserved when housing dips again.”
story and video: http://www.bloomberg.com/apps/news?pid=20601103&sid=aL7enTzxZttA
hat-tip: calculated risk