flashrob

Don't Think All Bank Earnings Will Be the Same

...how 'bout a LITTLE TRANSPARENCY - like we were promised by just about everyone - on BANKS PROFIT NUMBERS...

Like how, IN A CONTINUALLY DECLINING ECONOMY they are managing to be profitable - something STINKS here....

like: their assets continue to decline (ok, so assets are revalued upward because of modification of "mark-to-mkt" ...and that's tricky because if only applies to DERIVATIVES of the investment banks....)
so, they get a little help in shoring up asset vals....

BUT IN A "WORLD CONTRACTING ECONOMY" ...WHO ARE THEY MAKING PROFITABLE LOANS TOO...who's needs capital to EXPAND when just about everyone is DOWNSIZING...how much money do you need to downsize?

so, let's have TRANSPARENCY on the BANKS NUMBERS and analyst eval on how they plan to keep making loans (like who needs loans, except the "consumer" who NOW DOESN'T QUALIFY FOR a credit/loan...with either his job loss...or I heard the CreditCard companies are already DOWNGRADING CREDIT of people who they feel are AT RISK OF LOSING THEIR JOB, etc.

...and as long as we are still topping 500k job losses a month...with corresponding LOSS OF CREDIT...and probably default by those people on their mortgages....where are these BANKS MAKING PROFITS...

I WANT TO SEE THE NUMBERS "AND HOW THEY ARE GENERATED," THEIR PLAN GOING FORWARD FOR REVS, ETC....

BANKS AND OBAMA... STOP MEDIA SPINNING "GOOD NUMBERS" WITHOUT "SHOWING ME HOW YOU ARRIVED AT THEM!

...another FINANCIAL fantasy shuffle appears to be taking place EVEN BIGGER THAN THE "REAL ESTATE" chain-letter (that ran out and precipitated all this mess)...

SHOW ME HOW THEY ARE MAKING PROFITS based on growth, NOT JUST ACCOUNTING RULE CHANGES, OR BORROWING CHEAP FROM THE GOV and loaning to a FEW who yet have credit and might need funds (small biz staying alive mostly trying to weather the storm for better consumer days....) OR BUYING EACH OTHERS STOCK/ASSETS to:

PUMP UP THE FINANCIALS IN THE STOCK MKT!

It don't compute: Declining GROWTH, Declining CREDIT for most, where ARE REAL PROFITS FOR FINANCIALS COMING FROM...

other than TRICKY ACCOUNTING, SHUFFLING OF ASSETS, BUYING EACH OTHERS STOCKS....

FLASHROB

Mike Mayo's Seven Deadly Sins of Banking

"What's Really Behind the Obama/Geitner Bailout Plan"

DO NOT MISS!

www.businessinsider.co...

www.businessinsider.co...

www.businessinsider.co...

FLASHROB

Mike Mayo's Seven Deadly Sins of Banking

1. we're losing WELL OVER 500,000 jobs per month - and they ain't Walmart jobs.
...like myself the average Credit Card User probably charges over $1000. per month...do the arithmetic...that's 1/2 billion dollars LESS PER MONTH to the Credit Card companies in lost revs. Add to that, good odds of many of these losing their jobs defaulting and declaring bankruptcy (I would estimate most of these people have multiple credit cards with 10,000 or more owed...throw that in...and you have 5 BILLION MORE IN LOSSES PER MONTH to the Credit Card companies and BANKING PARTNERS....)

2. All Obama's plans to FLOOD THE BANKS WITH CREDIT LIQUIDITY mean little...AS THESE CONSUMERS ARE TAPPED OUT CREDIT-WISE and WILL NOT BE ABLE TO TAKE ADVANTAGE OF THE INCREASED LOW RATE CREDIT. No, good job, equals LOSS OF CREDIT!

3. Freeing up credit liquidity ONLY KEEPS THE FEW DEEMED CREDIT WORTHY...mostly small biz...to keep operating...the PROBLEM IS: DECLINING CUSTOMERS...so the small biz can stay open...but their fighting a CONTINUALLY DECLINING AND LOSING BATTLE...as less biz comes in from consumers who NO LONGER HAVE CREDIT....

IS THERE SOMETHING YOU DON'T SEE IN THIS PICTURE... I would love to be wrong...but I'm just using "common sense" and some fundamentals...

where is the BANKS future rev stream...SHOWING OPERATING PROFITS without counting CONTINUALLY DECLINING ASSETS, which are exceeding those supposed "operating profits" is ridiculous... the banks as well as most small biz and retail WILL CONTINUE TO DECLINE...until JOBS AND THE CONSUMER are

BACK IN THE PICTURE in a positive way... no plan I've heard of, so far, CAN REFLATE CONSUMER SPENDING...

Obama is much too focused on plans that DON'T ADDRESS IMMEDIATE JOB LOSS...

I have suggested an immediate 50% 2008 tax refund to ALL INDIVIDUALS to JUMPSTART THE CONSUMER ECONOMY...thereby forestalling further JOB LOSSES...

the banks ARE A SEPARATE ISSUE...and with "mark to mkt" modification should not have to go bankrupt...(they still hold little promise as investment vehicles, as only a "super recovery" (unlikely) could restore them in my opinion....)

Obama should be focused on PROPPING UP THE CONSUMER not wasting TAX DOLLARS ON BIG BANKS...

most peoples local banks ARE IN MUCH BETTER SHAPE...and gov money can be funneled THRU THEM for BUILDING/INFRASTRUCTURE projects...

who really NEEDS A "CITI!"

flashrob

PPIF: A Step in the Right Direction - But Not a Cure-All

the assets ARE SOMEWHERE IN THE MIDDLE... I agree...

problem is: they are going to continue to GO DOWN...with more high-paying job losses, more foreclosures as "mainstream mortgage payers" lose their jobs...

the future is "no recovery FOR MANY YEARS" FOR "big financials!"

the market is in denial listening to "recovery hoopla!"

what we need is REALITY to even have a chance at weathering this catastrophic economic storm.

MAIN ST. needs to be bailed out with a "huge and immediate" tax refund to GET THE CONSUMER ECONOMY jumpstarted...

forget the bondholders at the "big financials" ...they and friends are trying to "rally mkt up" so they can UNLOAD THEIR DECLINING ASSETS TO suckers...WHO THINK THESE PHONY STOCK MKT RALLIES will continue...

underlying fundamentals SPELL no "quick fix" to the world wide economy ...LIKE THOSE by Whitney/Roubini...who are giving
us the "unpleasant but real numbers and forecasts!"

flashrob

PPIF: A Step in the Right Direction - But Not a Cure-All

were we FOOLED AGAIN, BY "BIG MONEY!" have they INSTALLED "ANOTHER PUPPET!" beginning to look like THEY FOOLED US AGAIN...as usual!!!

Now, if Mr. Obama, wants TO PROVE OTHERWISE... here's a JUMPSTART THE ECONOMY CLUE FOR HIM!

HELP "main st" instead of "wall st."

illusion NUMBER ONE: you keep hearing that we have to prevent the "big investment type banks and financials" from failing TO PREVENT A WORLDWIDE LIQUIDITY CRISIS.

THIS IS FALSE because PUMPING THOSE BANKS FULL OF LIQUIDITY WILL NOT "GET THEM LENDING!" It only "bails out formerly rich investors!"

Think: Who is going to be borrowing IF YOU FLOOD THE BANKS WITH MONEY ...that could be used BETTER ELSEWHERE!

We are in a "global recession" and STILL GOING DOWN with continued FURTHER JOB CUTS. WORLDWIDE BIZ is CONTRACTING, DELEVERAGING, AND LAYING OFF PEOPLE.

BIZ NEEDS LARGE AMOUNTS OF LIQUIDITY AND FREE FLOWING CREDIT when THEY ARE EXPANDING "NOT CONTRACTING."

using the "trillion bailout" IS LIKE PUSHING A STRING...

those that NEED CREDIT, like the consumer WILL NOT GET IT, AND "big biz" does not need it IN CONTRACTION.

they are just BAILING OUT WALL ST. "AS USUAL!"

I voted for O'bama thinking CHANGE... but it appears the FOXES have surrounded him... and are taking care of "foxes" and not "us chickens!"

SOLUTION: we have 600 or so regional and local banks and SOME BIG ONES that are not using "mark to mkt" accounting and are in relatively GOOD FINANCIAL SHAPE.

LET THE BIG INVESTMENT BANKS GO DOWN...flooding them with credit that few need is WASTING TAXPAYER DOLLARS!

while there is STILL TIME... give the CONSUMER (who won't qualify for the credit reliquification anyway) A
HUGE IMMEDIATE TAX REFUND for last year.

the "individual" consumer could be given a "treasury refund coupon book"
with options to spend the tax refund in "certain timeframes" and on certain biz and sector purchases. This way he can't "salt away the money, etc."

say: one coupon of 20% could be used to purchase a "new or used car" or make a mortgage or credit card payment" but not pay off all credit card debt in one shot...like make double the minimum payment, etc. ...get the idea!

Congress would have to work out the specifics of the plan, but the effect WOULD BE TO IMMEDIATELY PUMP "HUNDREDS OF BILLIONS" OF DOLLARS into ALL SECTORS OF BIZ AND THE ECONOMY (instead of wasting this money to liquefy credit in world banks...where it will help few who "need and quality" for that type of credit).

JUMPSTARTING the "consumer sector" of the economy is WHAT IS NEEDED IMMEDIATELY...not bailing out Wall St. fiascos...

if you don't jumpstart the "consumer economy" immediately...more jobs WILL BE LOST, MORE PEOPLE WILL BE FORECLOSED AND LOSE THEIR HOUSES. These jobs will not return easily or quickly once they are lost.

Get with it Obama. Forget Wall St. ...BACK "MAINSTREET!"

FLASHROB

PPIF: A Step in the Right Direction - But Not a Cure-All

all this LIQUIDITY CRISIS talk...

all kinds of EFFORT TO IMPROVE LIQUIDITY IN THE CREDIT MARKETS...

the problem I have with this: "WHO THE HELL NEEDS TO BORROW ALL THIS MONEY?" which is supposed to return the finanacial sector to profitability....

THE ABOVE IS THE QUESTION THAT NEEDS TO BE ADDRESSED...I am still waiting for the Obama Administration which is "severely focused on restoring liquidity to big financials" TO TELL ME WHY THEY ARE "PUTTING SO MUCH EFFORT IN THIS ACTIVITY!

IF WE ARE IN A WORLD WIDE RECESSION AND WORLD ECONOMIES "ARE CONTINUING TO CONTRACT" ...

biz needs CREDIT/LIQUIDITY in an EXPANDING MARKET/ECONOMY...

PUMPING THE BANKS "FULL OF MONEY" IS LIKE "FILLING THE SHELVES OF A RETAIL STORE WITH GOODS"...

IF THE CONSUMER IS "OUT OF MONEY" and THESE BANKS have Obama "pumped in full money"...they still WILL NOT LEND TO THOSE WHO NEED CREDIT...BIZ DOESN'T...they are not EXPANDING...but the consumer needs "credit" to buy the stuff in our stores...

Obama and company...ARE MERELY "FILLING UP THE STORE SHELVES" (supply side economic theory)...BUT HE IS OVERLOOKING THE FACT THAT "A CONSUMER WHO LOST HIS JOB...even if he is "temporarily" subsidized by "unemployment...like at 60% of his former pay...and not even that if he was making big bucks...

WHERE IS THE "DEMAND" and the credit extended to those in THE POTENTIAL DEMAND "SIDE OF THE ECONOMY"...

will SOMEONE PLEASE "GRILL OBAMA ON "DEMAND" and how he will accomplish THAT!

everyone is IGNORING THAT FUNDAMENTAL ISSUE.

President Obama: ADDRESS "DEMAND"

no DEMAND, and banks "FULL OF LIQUIDITY" mean VIRTUALLY NOTHING TO RESTART ECONOMIC RECOVERY!

flashrob

Financials Future Still Uncertain

some backup on this from Congress...

www.infowars.net/artic...

flashrob