Wez

The Option Arm Triplets: Dead Banks Walking

www.ushousingmeltdown..../

That site shows my city has about 45% more to go to get inline with median incomes. Good thing, I'm buying next year. It's easy to get blinders on the housing tradegy when you live in S. Cal, but things aren't that bad elsewhere.

My buddy outside of Seattle recently got a 6% fixed 30 year mortgage on a $300k house with 3% down and terrible credit. The credit bubble is still alive and kicking.

The Option Arm Triplets: Dead Banks Walking

Will do, hopefully today's selloff continues and we finally can put to bed a lot of these trash financials.

The Option Arm Triplets: Dead Banks Walking

This run up has caught me by surprise, but its just a chance to buy more puts. Keep up the good work Greg.

WaMu and More: Uninsured Depositors Begging for Trouble

Bman, you lack sanity. You confuse your opinion with facts. IndyMac failed because it was run poorly, not for any other reason. If WaMu fails, it will have nothing what so ever to do with Mish. I'm sorry you are getting crushed looking for a bounce in a sector that has yet to hit bottom, but the "facts" are......there will be many more BKs before this washout is done, regardless of what is written here.

WaMu and More: Uninsured Depositors Begging for Trouble

Are you kidding me Bob? Are you just a visitor to this planet, cause you don't seem to understand how things work? Banks don't go under because a blogger says they are in trouble. They go under because they ran a bad business and actually are in trouble.

Let's do an experiment. Let's all start saying that JPM, or BAC or WFC is going out of business and call for everyone to go get their money or they will lose it.

As I've already said, not everyone thinks that what Senator Schumer did with IndyMac was wrong. A lot of us think he was a canary in the coal mine and wish more people in the know would alert us to poorly run companies that represent a risk to our capital. Again, read carefully, IndyMac was going out of business and Schumer gave us a heads up.....he did not cause them to go out of business.

The only people crying here are those who made a bet on this stock or others like it, and lost.

WaMu and More: Uninsured Depositors Begging for Trouble

Bman, are you blind? Read this:

seekingalpha.com/artic...

Not everyone thinks what Senator Schumer did was wrong. Some think we need more Schumers.

If you really really thought WM was going to be fine, and wanted to invest in it...than you should welcome every drop as a windfall of profits in the future. If you are pissed because you have rode this loser down, don't blame others for your losses. These companies got fat by selling toxic waste into our economy for years. I'm not going to cry if there are a few less banks at the end of this mess.

WaMu and More: Uninsured Depositors Begging for Trouble

So let me get this straight, WM losses billions of dollars each quarter, literally bleeding truckloads of money (try to picture how much $3.3 billion is, hint, it would take several tractor trailers to haul it) and by posting headlines from sites like bloomberg and recommending people use caution with uninsured deposits, you feel the author is being irresponsible?

My take is the idiots who are long this stock would rather stick their head in the sand than hear anything negative.

WaMu and More: Uninsured Depositors Begging for Trouble

Good advice. Be careful though, you know they are "watching" you evil bloggers now.