Wez

Lehman: Delevering Risk High, and Growing

The bottom will probably come when we get a big BK.....WM, LEH, or the like.

Metrics, Mortgages and Analysts

Regarding Layton:

""I AM QUEASY." Complex deals involving cash advances raised concerns with JP Morgan Vice-Chairman Donald H. Layton. "We are making disguised loans, usually buried in commodities or equities derivatives (and I'm sure in other areas)..." Layton wrote in an internal 1999 e-mail to credit-risk managers that was introduced as evidence in the trial. (Parenthetic remark in previous sentence is Layton's.) He also wrote: "I am queasy about the process."

When pressed to explain what he meant, Layton testified that his concern was with such lending practices in general, and he could not recall the controversial transactions with Mahonia. Layton would have no further comment for this article, JP Morgan said.

From the get-go, JP Morgan has insisted it followed the law in all its opaque deals with Enron. In July, under questioning from Senator Carl Levin (D-Mich.), then chairman of the Senate Permanent Subcommittee on Investigations, bank execs asserted that there was nothing improper about its Mahonia deals -- the same assertion Harrison made last week. Yet in August, under growing pressure, JP Morgan announced it was forming a committee to review its practices."


That actually gives me more confidence.

Metrics, Mortgages and Analysts

Ermilo, the Expert wasn't the first person to start name calling....

This site has a huge amount of rabid ETFC fan "boys", Cindy being one of them. I hope this stock goes higher, but reading all the desperate bullish comments about ETFC and SIRI on this site is pathetic. Just because you own a stock and want it to go higher doesn't mean you have to put the blinders on and start pumping.

Metrics, Mortgages and Analysts

Prescient11 & Ben,

Sorry to piss on the pumping game the two of you are up to. Looking at your comment history reveals you two as doing nothing but pitching Etrade....so much for your "insightful analysis". It's not hard to see Etrade's financials, I know they have cash, they also have a huge loan book that maybe more subject to losses than what the CEO thinks....as has been the case with every other bank. I was simply countering Cindy's constant pumping of her position in Etrade. Balanced discussion are much better than one sighted prayers that everything will be fine.

Long ETFC btw........

Metrics, Mortgages and Analysts

Loan losses will rise, thinking Etrade is immune to what is happening to every other bank is foolish.

U.S. Credit Card Industry Moving into Uncharted Territory

V winner is the most ridiculous stock touting boiler room promoter I've seen on these boards. Makes me feel like I'm on the Yahoo boards. Anybody with a clear thought as to what risks a company poses is instantly classified a basher.