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)
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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)