Cheap oil is creating headaches for the Wall Street firms that bankrolled America's oil boom. ... Banks "are going to lose money on the loans they've made. That's pretty evident -- whether oil prices go to $30 or $80 a barrel," said Dick Bove, an analysts who covers banks at Rafferty Capital.Since pictures say a thousand words:
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Pretty sweet that I can fill my tank for $20. At least the lack of a raise is being helped by the decline of gas...but the Fed will still justify its rate raise due to 'inflationary' pressures.
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