oldgoldbug

10 Banks 'Guaranteed' to Survive and Prosper

Bear Stearns declared bankruptcy? Did I miss that? I thought JPM gobbled them up.
Gotta agree with Lilliana - COF really stinks and HBC is right there with them.
Chartwise, I wonder if BAC (10.61) and C (5.91) are going to make it - they look like they are on life support. The amount of stock being unloaded is remarkable - some pretty big players are spooked.

Last Thursday Was the Bottom - It's Time to Get Back in

It takes guts to call a bottom, especially when things look so grim.
The point about not reacting to bad news is well taken.
Only time will tell.

Dow Price Targets

GM probably has the best chart.

The Paulson Plan: Compelling Banks to Lend at Bazooka Point

Why wouldn't the banks lend to those just foreclosed upon? We have a Secretary of the Treasury who skipped town just before what he helped set up hit the fan. I would say both are adept at taking the money and running.
But it bothers me that he didn't blow the whistle some time much earlier. Perhaps as long as his buds were getting the big bonuses everything was fine. I can't imagine that he has a conflict of interest. Its also surprising that the one bank that made a squawk about forced government intrusion is one of those flaky West Coast banks and not a part of the NY East Coast sophisticated elite.