data shows CAMELS codes continue to get worse - up 369% since December 2021. Up every quarter since then. When a downgrade to 3 occurs, you get visited at least twice as often and your compliance cost go through the roof.
How does this compare to the great recession? We have a long way to go to match that:
CAMEL 3s peaked in 2010 at 18.3% - or twice as high as today.
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