Stewie

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)

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 ?

I Doubt JP Morgan's Taking Realistic Marks on WaMu Purchase

Hey Reggie, a quick question, the second graph is that the same First Charter that FITB bought out last year. If so that was one of the worst acquisitions ever completed. Thanks for your continued thought provoking and data supported analysis.

JPMorgan: When I Say Insolvent, I Really Mean Insolvent

Another great article Reggie, and I agree wholeheartedly. I went short JPM early this month and expect a meltdown by May. It mat not work as well as Fifth Third worked last year, but it should be close.

Home Prices May Be Nearing Bottom, Bank Equities to Follow?

Geez look at the retail numbers............A commercial real estate meltdown is just starting, most commercial banks have a huge exposure. This guy is kidding himself.

10 Banks 'Guaranteed' to Survive and Prosper

I just don't get it at all, FITB has been tanking since 2002, long before the current mortgage/credit markets began their nosedive. What on earth would make you think they will bounce back and prosper when they clearly have both a flawed business model and a foot print from hell ? Did you do any research at all ? Did you just throw names in a hat ? FITB had already borrowed more than 4 billion in the last two years prior to the TARP money. It didn't do anything for them, why would a government loan suddenly overcome bad management ?

Four Banks to Bank on - Barron's

Why would anyone who had an interest in the regional sector go anywhere near Comerica or Fifth Third. Both these banks struggle to grow organically and both have a huge exposure to Michigan.

These 32 Commercial Banks and Thrifts May See the Dung Hit the Fan

Nice work..............I have to love the fools who bought financials already. Did you clowns not look at the dismal economic forecasts for 2009-2010. This thing is far from over, and probably will end is a flurry of takeovers at or around net tangible.

Hey fools maybe you should quit taking advice from fund managers on CNBC, when is the last time one of those toadies had a negative opinion of the market.