Stewie

Five Midget Banks I'm Watching

Come on, look at this guy's BIO. He is a career salesman, he is doing the best he can. This article is terrible and a complete waste of time.

Murky Objectives of the PPIP

"Their stock price will get a bump from the fact that the legacy securities are sold for more than their marked at or worth."

What ? That's a pretty big assumption, and not at all a "fact" as you portray it. If you think the pricing services, used by banks to value illiquid assets, are understating their actual bid price in a true open market than you are an idiot. Participation in this program will more likely lead to an acceleration of larger write downs. Your article is comical and extremely naive.

Will Banks Repaying TARP Take Back Their Toxic Waste Now?

That's brilliant Ed, a year ago when Fifth Third purchased the assets of a distressed of a Florida bank you penned an article how the Fed approval was in essence an all clear signal for FITB. ( I don't think we need to go into what has happened to FITB's stock price since your ridiculous assumption) Now you claim those very same regulators are engaged in a fraudulent scheme to hide under performing assets and staged a rigged stress test. So I guess in your opinion the Fed has gone through a deep metamorphosis in a short year, or could it just be you are clueless, which I expect is the real case. Talk about toxic waste.

How Much of the Banks' Earnings Are Real?

You forgot changing liabilities to assets through the new minority interest rules. (Fifth Third)

Stress Tests Reveal Citi, BofA Need More Capital (But We Knew That)

Ummmmmmmm................ told us all FITB was in sound financial shape a few months ago. Pardon me if I file anything your naive a-- posts in the garbage.

Stress Tests Are Not All They're Cracked Up to Be

The question I have about the stress test is are the banks using unemployment data at the national average or are they being tested using data in their footprints. If you do business in Ohio, Indiana, Michigan, etc you are likely to far surpass the 10.3 disaster rate. Some of the large mid-west regionals could be in real trouble.

Converting TARP's Preferred to Common Stock - Great Idea

Yeah that would be a valid point except managers bonuses are rarely based on profit but instead usually tied to revenue growth. This of course doesn't always mean more profitability. It also the same formula used in many Executive compensation packages.


On Apr 20 12:35 PM skwestorange wrote:

> I think the author's position is based on the fact that corporate
> executives and managers' compensation includes RSUs, options and
> stock awards (not fixed income instruments). Hence they are bound
> to be more inclined to take care of their own interests.
> SK

Converting TARP's Preferred to Common Stock - Great Idea

"Managers maximize the value of common stock. " Are you stupid or something ?

Why Zombie Banks Won't Be Nationalized

Yeah either that or you could just take your loses like a man and move on. Get a clue, how in the world is suspending mark to market a good idea.


On Mar 02 08:52 AM Ranchr wrote:

> Bring back Up-Tick; stop naked shorting of banks; suspend mark-to-market
> and this will all work itself out.

CitiTARP: Worst Convert Ever

What ? Your analysis is flawed in so many ways I really don't know where to start.


On Mar 02 09:17 AM User 304810 wrote:

> I think your math is problematic..as you are assuming that the conversion
> does not enlarge the share holding..in actual fact, upon conversion,
> the present shareholdings only constitute a small faction of the
> enlarged base, assuming the conversion of the said pref holders...

Capital Assistance Program: Convertible Preferred Stock with a Twist

I agree this is the sort of structure you get when you mix politics and Wall Street. The White House has effectively shielded itself from angry common shareholders by placing the dilution decision on bank management. At the same time they used a relatively high rate (9%) and higher than current market conversion price to encourage banks to pull the trigger.

The ones who are likely to get burned are common holders who will be diluted into the abyss.

Why Nationalize in 2016?

"Everyone bets in the market and you bet wrong."

I think it's safe to say, if he is short he didn't bet wrong.

Rating Fifth Third Bancorp: A Zombie of a Different Kind

I think possibly you have missed a little something. Although FITB didn't help create the current Toxic Mortgage Market, they have been tanking for eight years. They have bungled a series of takeovers and wasted billions in the process. To have sympathy for their management team is ludicrous. This is the same management that guided the street in September to a .25 Q4, only to miss by 67,000%.

When the economy improves and the mortgage market stabilizes this bank will still be stuck in neutral with no real plan. If it survives, it will lag its peers for decades.

Banking Bears Bolt: Meredith Whitney, Richard Bove Change Jobs

Bove wasn't much of a bear in fact he made two horrible sector bottom calls over a year ago.

Stanford: Criminal Charges Almost Certain

Get your stuff straight, he was a featured guest at last years DNC where he received recognition as well as a big hug from Nancy Pelosi.


On Feb 18 02:52 PM infp wrote:

> A crooked billionaire from Texas; when do we hear about his ties
> to the Bush clan?