Anthony M. Freed

What Might Happen in a Big Bank Failure?

There is really no way to know - I don't know if anyone can trust any numbers that are released any more, by anyone.

Combine that level of uncertainty with the idea that all of this money is "fungible" - you know, like none of the TARP or TARF money went to parties, bonuses, or to foreign Sovereign Wealth funds - that was all different money than the money took from us to keep from folding.

Who knows up from down anymore.

BTW - this wss written by my friend Scott Wilson, I was just asked to publish it for him through several channels.

Thanks!


On Mar 12 03:45 PM Briber wrote:

> Are you saying that the FDIC lost $200 MM on this closure? That
> is not what I heard.

FDIC Graphs Show the Extent of the Financial Crisis

I am glad you all like the graphs - they really bring the numbers to life. as far as a bottom - it is mathematically impossible to be anywhere near bottom.

POA and ALT A resets and recasts will carry on in record numbers into 2012, and will make the subprime 'crisis' look like a teas party (Graph):

seekingalpha.com/artic...

We are lucky if we are 1/3 of the way through these toxic mortgage assets, and commercial losses are mounting - the combination will be overwhelming.

$6 Trillion in bailouts to date, and nothing to show for it. This is now a $20 Trillion dollar problem.