Joe Friday

Option ARMs: The Banking Backdrop of 2009

Unfortuately this investment theme appears to have been played out. With WM, DSL, FED and WB all gone or on life support there is no money left to be made shorting these names. (It was fun while it lasted). It is very clear that there will be many more foreclosures, the question is, how can we capitalize on that knowledge? Any ideas?

Chewing on the FDIC List of 'Problem' Banks

Greg, I was not aware that FED had signed an agreement of some kind with OTS (although it doesn't surprise me). Can you provide a link?

thanks

WaMu and More: Uninsured Depositors Begging for Trouble

seems to be a whole lot of 'shoot the messenger" here.

I, for one, appreciate the article. We need more people raising the red flag about poorly run financial institutions, and we all need to be aware that not every bank is safe. Far to many people are at risk, and do not know that they are. There is no reason to take any risk at all for the paltry amount of interest these banks will give you on checking account or CD. Leaving your cash in any institution with even a hint of a problem, is absolutely foolish.

The article is important, and trying to ignore the facts is idiotic.