National City Corp. (NCC)
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NCC Forum Topics
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- General Discussion on NCC
- Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
- Financial Landscape: Writedowns, Losses and Capital Raised [view article]
- Why I Bought National City Corp Shares [view article]
- Unintended Consequences - Fast Money Recap (10/6/08) [view article]
- Monday Options Update: POT, XLF, NCC, SOV, GD, AAPL, RIMM, C, BGG [view article]
- National City: Paying Customers To Close Credit Lines Smacks of Desperation [view article]
- Volatility Hedge: Short Boeing, Long on National City [view article]
- Bail-out Buys - Fast Money Recap (10/1/08) [view article]
- The Facts Behind the Coming Congressional Mortgage Bailout Bill [view article]
- Good Financial/Bad Financial Divergence [view article]
- To Avoid Failure, Get Really Big; Everybody Else, Watch Out [view article]
loading ...Recent NCC Articles
- Was Friday's Rally Just a Hedge Fund Short Squeeze?
- Banking on Profits: National City in Buyout Talks
- Market Washout: Morgan Stanley, National City Won’t Play Along
- Unintended Consequences - Fast Money Recap (10/6/08)
- Volatility Hedge: Short Boeing, Long on National City
- Why I Bought National City Corp Shares
- Bail-out Buys - Fast Money Recap (10/1/08)
- Good Financial/Bad Financial Divergence
- Monday Options Update: POT, XLF, NCC, SOV, GD, AAPL, RIMM, C, BGG
- To Avoid Failure, Get Really Big; Everybody Else, Watch Out
- Full List of Articles »
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S&P 1500 Regional Banks Index Down 33% YTD [view article]
Yes try KRE............ ReplyS&P 1500 Regional Banks Index Down 33% YTD [view article]
Is there a fund or ETF that covers this segment? The closest I have found it IAT. Thanks. ReplyS&P 1500 Regional Banks Index Down 33% YTD [view article]
Gentlemen - I think S.A. deleted my comment in which I said you look like geeks in suits. Anway, find better pictures than the ones above - pictures in which you look like "normal dudes." FYI. ReplyGoldman's Hit List - Cramer's Mad Money (6/19/08) [view article]
stop spamming richard ReplyBanks Are Failing, So They Are Changing the Rules [view article]
Over the top, but appreciate articles which call for bank/S&L accountability. Our Company mostly services loans with some originations and we consider 30 day accounts who are lousy credits to be underperforming; we consider some 90 or 120 day accounts performing if they are "pattern payers" and have average credit scores.The point is the Fed should not micro manage the hair color of the collectors nor the accountant classifications of delinquency. Periodic audits will flush out the liars. Reply
Banks Are Failing, So They Are Changing the Rules [view article]
Right on, Nukldrager! Banks have always enjoyed regulations that allow them to fudge their books!Chuck Reply
Banks Are Failing, So They Are Changing the Rules [view article]
File it under " LIfe's just not fair..." There has always been a double standard applied by the most powerful to themselves, and the rest of humanity. ReplyWendling
Goldman's Hit List - Cramer's Mad Money (6/19/08) [view article]
Mr. Cramers thoughts on the financial stocks is right on. He however forgot to mention the most devestating and destructive force on the stocks price movements of each of those issues, and that is the specialists that run those individual stocks.For those individual investors interested in my opinions on where these stocks prices are headed in the short and long term and what information I use to base those opinions on go to the following website bearfactsspecialistrep.... Click on the top of the Home page where it says, “Free Stock Reports” and you will be taken to the reports page. There you can read the reports on these issues and others. It will cost you nothing except the amount of time it takes you to read the report and any other pertinent information that you find interesting on how the “Specialist System” works and how it defrauds the average investor out of his and her hard earned money’s. The choice is yours, learn how to invest properly and make money in the market and this stock or continue to invest as you have in the past and continue to accumulate losses in the market.
Thank you for your time,
Richard
Reply
Research
U.S. Credit Card Performance: More Deterioration in April [view article]
Visa & Mastercard are just payment processing companies, like PayPal or whatever. They provide a service that offers convenience and deserve to make their profits for doing so. The banks (COF, BoA, Providian, AmEx, etc...) that extend the lines of credit are not so clearly adding value to the economy and their profits are far less deserved.COF for one (I'm short w/ puts) has fallen about 20% in the last month or so, and I believe they have a ways further to fall. Issuing banks have several factors squeezing them right now:
(1) debt already on the books is much less likely to pay off than they thought when they issued. "thought" may be too generous, maybe "hoped" is a better word
(2) overextended consumers, and those who file bankruptcy etc... will (eventually) stop charging as much to their cards as they feel the pinch which bounds their profits. Admittedly, in the short term, they may charge more because they have to, but you can only spend more than you make for so long...
(3) As more consumers/voters get overwhelmed with their credit card situations, there will be more public outcry and vilification of the credit card industry for their shady double cycle billing and high APR fees. Congress will get in on the act and will pass legislation limiting the fees that card companies can charge (it's an election year after all!) and this will SEVERELY squeeze profit margins. Intuitively, I have to believe that a lion's share of card issuers' profits come from penalties and fees that could be (and probably should be) curtailed.
I'm talking my book here since I'm betting against COF, but in my opinion COF will be the CFC (countrywide) of 2008... Reply
The Second Wave of Bank Troubles [view article]
On the money, Emerald. They should all be fired! No one in the companies stand up and make an effort to have an CEO eliminated. The Wachovia and Huntington mergers were of total ignorance and cost everyone in the company and the stockholders a lot of money. I wouldn't allow any CEO, making the money that they are, to make any kind of "woops" without reprecussions. ReplyApple Hype Priced In - Stop Trading! (6/9/08) [view article]
>>>Motorola and Nokia, please deliver us from unfair practice and mediocre products. <<<Uh, last year, about this time there WAS NO iPHONE....
So, tell me again how they are the "good guys" and your "white knights?"
Honestly, some people are BORN to be drama queens. Reply
Wall Street Breakfast: Must-Know News [view article]
This is the best short read article I have ever read .thank you ELI ReplyWall Street Breakfast: Must-Know News [view article]
To answer your question nukldrager - the bailout money ends up in the hands of the executives in the form of ever increasing compensation packages while the company continues to struggle in a downward spiral. Not one of the executives at any of the banking/investment houses has come forward and said that they'll take one for the team. They'll resign under pressure with a big, fat check and the common investor that plays by the rules will get kicked in the nuts just before the door hits him in the ass on his way out. Is this starting to sound like Wall Street yet??? I always got a kick out of "business ethics" in college. What an oxymoron. Call me jaded, but I've always believed that the deck was stacked from day one and that the only way you get rich on wall street is follow the dirty money...believe nothing you here and only half of what you see.On Jun 10 08:22 AM nukldrager wrote:
> Re Lehman warns of big loss, from the link;
>
> "...The use of debt, which helped fuel record profits when markets
> were booming but also led to excessive risk-taking, has come back
> to haunt them.
> As Lehman and other securities firms now curtail their use of borrowed
> cash, it will be much harder for them to generate the kind of profit
> growth investors had become accustomed to."
>
> As someone new to market concepts, and making money by investing,
> the whole process described here (unsecured cdos, etc.) sounds pretty
> fishy. I'm assuming some investors were able to keep profits from
> the borrowed money deals, and companies like Bear Stearns, and Lehman
> are left holding (what's left in) the bag. The fed's weakened the
> economy by diluting the money supply in order to save the system,
> and some of the players, at the expense of a great number of Americans
> who play by the rules. I guess my question is this; does the bailout
> money end up in the investors income? And/or who lent the money to
> fund these funky financial instruments?
>
> Reply
U.S. Credit Card Performance: More Deterioration in April [view article]
I seriously believe Visa and Mastercard will continue their upward movement. Even in a recession, people still need to buy stuff and what better way to do that than with credit cards. American Express is caught up into this mortgage crisis, so it may still have some down problems. Long term, V and MA will continue to do well.I also believe Silver and Platinum will be moving if as inflation increases. here's a good blog to check out: www.superstockblog.com Reply
Wall Street Breakfast: Must-Know News [view article]
Collateralized Bond Obligations (CBOs) are investment-grade bonds backed by a collection of junk bonds with different levels of risk, called tiers, that are determined by the quality of the junk bond involved. CBOs backed by highly risky junk bonds receive higher interest rates than other CBOs. What the the S.F. writer is saying apparently, is "Buyer beware!"Ok, that's fine. But if the CBO contains junk bonds based on sub-prime mortgages deceptively sold to unsophisticated buyers, it seems to me that the seller has some reponsibility here, both the original seller of the sub-prime mortgage and the seller of the CBO. Otherwise what you are saying is that it is ok to sell defective goods to unsophisticated (and unknowing) buyers. It is ok to sell a dead pig in a poke, in other words (no peekee, please), or a defective automobile. There are laws against such practices, of course, especially with regard to new cars that don't work right . They are called "lemon laws." Reply