It was a cold November morning as I took my first step into the dark canyon. The challenge of running to the north rim and back awaited; but this journey was greater than the 50 miles before me. This was about discovering the greatness that lies within us. We all have dreams, desires to achieve what others say cannot be done. With passion, hard work and the willingness to suffer, our success awaits.
"Life is either a daring adventure or nothing" - Helen Keller
Tuesday, January 18, 2011
C Q4 2010 Loan Loss Reserves
Last time I checked home prices were not only double dipping but accelerating to the downside. That begs the question other than trying to pad earnings why would loan loss reserves be shrinking? Notice the trend below. C just like JPM is betting that asset prices will rise in 2011 but the data doesn't support that.
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