The Rise and Fall of New York Community Bank

Max Abelson, Bloomberg News Finance Reporter, discusses his latest Big Take story on NYCB, how they grew despite real estate warnings in years past, what this means for regional banks and real estate going forward. He spoke with Paul Sweeney and Bailey Lipschultz on Bloomberg Radio.

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Contagion*

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A REPEAT OF THE 2008 REAL ESTAE CRASH. In other words, NYCB will eventually collapse and more banks will also collapse.