The U.S. stocks to follow here are Bank of America BAC, Citibank C, Wells Fargo WFC, Chase Bank JPM and Goldman Sachs GS, and Morgan Chase MS, and to a lesser degree General Electric GE, Lenders Process Services is also very involved LPS.
The U.S. Government has been lending the banks massive amounts of money at near zero interest rates, who then buy US treasuries and get a little over 3% on the money they borrowed. The money was originally lent to provide liquidity to the banks to help with foreclosures and assist homeowners, but this never happened.
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collapse of major us banks coming, page-9
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