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Larry McDonald: Banks Are Repeating 2007, Wells Fargo 'Heavily Exposed' To Low Oil Prices
Monday, April 18, 2016 - 11:15am | 300Banks are making the same mistakes they made in 2007, Larry McDonald, head of macro strategies at ACG Analytics, told Benzinga's PreMarket Prep. "All these banks when they made a loans a year-ago, none of the banking models have $30-$50 oil priced in. These models were all based on...