How long do you think it will take for the financials to recover?

Question

Its just one bad story after another.. so assuming we dont have anymore when would you estimate it would rise to levels before the subprime morgage crisis

Answer 1

2 years at least.

Answer 2

Financials are under pure emotional stress, has nothing to do with the actual financial numbers they have to sort out in the next  12 month.

Its going on since 100 years now and congress, the Fed and the banking industrie haven't learned anything.

Just shortsighed greed and stupidity.

If I count all the banking scandals and the money for the public lost from the last 10 years alone, it could easily end world hunger.

The thing, what drives me nuts is, that the guys who cause the problems end up sitting on billions and the rest looks stupid.