Please , just leave the prognostication to crystal balls and gypsy’s.
Charge-offs and non-performers continue to eat away at profitability and the sheer fundamentals of the U.S. banking system, according to Moody's Investors Service. The firm says 5 percent of banks' loans are currently non-performing assets. Moody's has estimated total loan charge-offs of $744 billion from 2008 through 2011. So far, the banks have recognized 60 percent of Moody's estimated total charge-offs and 65 percent of estimated residential mortgage losses, but only 45 percent of projected commercial real estate losses.