A few days ago I wrote an article on gold and the monetary base posted at Seekingalpha. One of the comments received there was a request to relate the expansion of the monetary base to banking losses sustained as a result of the credit crisis.
I don’t have aggregate loss data which includes securities, but I remembered today that yesterday I posted an overview of banking sector data from the FDIC. As part of the entry, I included this chart on quarterly charge-offs and provisioning:
|Click to Enlarge|
I thought it might be interesting to sum the charge-off data to see exactly how much in losses were sustained on bank loan portfolios. This might give a good idea