prescient11

Wall Street Already Back to Its Criminal Ways?

Malach,

You sound as if you believe that garbage. Read the reasons behind the sell rec again and then tell me what changes, let alone the dilution of 80-90 MILLION shares. Are you kidding me? And they pay back the revolver with that????

Guess what slugger, GGP did the exact same thing and paid back their revolver. Stock will eventually be worthless. Awesome. But KIM can pop 30% on BS, nothing news. Wonderful.

Full disclosure: I'm underwater on SRS by about 8 points. At least I have the decency to give you my bias. These bastards should be prosecuted for this absolute nonsense. This country is run and dominated by thieves and liars. SPG above $40 is laughable, IYR should be trading around $15 and it will eventually. IYR will be the next XLF.

As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront

Thanks Reggie, I will. I think you've got another paid subscriber! You finally got me. Maybe you can tell me how stupid I am for being an ETFC long in this environment. argh.

As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront

Reggie, I thought you were done wth Seeking Alpa man? Your subscriber part of your blog is kind of whack, I keep trying to log in to no avail. My email is [e-mail] if you can help.

For those who don't know Reggie he's the best around, GGP is his crown jewel. He also called HIG and the other insurers and the downfall of the IBs. His analysis is the best. I shouldn't have closed my short on GGP in the $20s, and you shouldn't have closed it in the teens,wow!

Congrats on all the success man, you've earned it.

Are Consumers Satisfied With Online Banking?

I bank with Etrade and it's great. And they give you a 3.3% savings rate. Awesome.

Bigger is Not Better in Banking

Chris, this analysis does fail to appreciate the $300B housing bailout that was passed. What is the consideration of that? Always liked your work.

The Weakness of the Treasury's New Bailout Plan

Felix, the resident genius with "concerns". Really, man, why don't you just own up to it. No plan would be perfect. And they're taking preferred shares so they do not dilute the common. While it's not as much oversight as one would like, what do you expect them to do, FORCE healthy banks to accept this capitalization and then FORCE them to accept new board members, someone probably as dense and bureaucratic as yourself.

Listen, despite your constant cabal-like effort to communicate "concerns" about everything, this is the government giving you a big middle finger, saying, listen skippy, we, the Euros, everyone is backing our banks and that's it. So move along Felix, just move along man. You've been out of your league for some time.

The financial system will not fall, it appears, based on these broad guarantees, and I think the governments of the first-world nations should be applauded for their efforts in this regard. Let's just hope the lesson has been learned and once the bleeding is stopped they fix the disease.

Worrying About Large-Deposit Bank Runs

Well well well Felix, I see that these SOBs are being investigated for aggressive short selling and CDS manipulation. Care to apologize to Dear John Thain now, or will you never own up to your own ignorance and mistakes.

Liquidity or Solvency? Sometimes It's Hard to Tell

This is exactly the question that needs to be asked.

Could Lehman's Failure Cause a Systemic Meltdown?

The answer, obviously, is yes. Does no one read? JPM looked at what would happen if BSC was just allowed to fail and it concluded, with I think a 90% certainty, that the major IBs would ALL FAIL, including GS.

Think about that for a second, the exposures are so great that it would bring down GS.

If you think the government is going to allow that to happen, think again. However, equity holders will likely be wiped out since the Fed./Treasury is rumored to be involved. Sad case.

Which Banks Will Survive?

IThinkBig, there we go, some actual discussion.

The $300B, obviously comes from the taxpayer, but it will be in the form of repackaged loans with an FHA guarantee.

Lender cuts the loan principal to 90%, issues a new FHA backed mortgage, and then can sell it in the market. Should be as liquid as a T-bill. Thus, the cash gets directly to where we desperately need it, these lenders' balance sheets. I think it will have a tremendous effect, especially with some of the biggies.

Which Banks Will Survive?

Jonathan swift, again, what a great comeback. How about writing titles like "Which Banks Will Survive?"

Can you not answer the question/point that I raised? If not, then why bother to respond. $300B is on its way. Now, do you have a point?

Which Banks Will Survive?

user 138602 and nyka,

where's the lack of analysis, damnit. sorry user if that offends you.

I made a point regarding the housing bill. Where's your counterpoint?

Thanks so much.

Which Banks Will Survive?

saltaway, respond to my point first. then we can talk.

Which Banks Will Survive?

Does this loser sit up at night thinking of what clever titles he can put out there that will grab attention? You got me, I clicked the link only to see your smug stupid face come up first thing.

Listen up skippy and listen up good, you may think you know what you're talking about, but in reality you fail to realize what's happened. Think for once damnit. Think beyond your limited capacity and the numbers you cherish. Are you stupid enough to really believe that the government is going to want to foot the bill for all the likely failures if what you profess is to take place. Of course they won't. That's why the government just injected $300B of liquidity into the banking system a la the housing bill.

Game, set and match. Go look for the sky to fall, as we're not there yet. But the smugness is really too much.

'Panics Do Not Destroy Capital'

Sorry but that's ridiculous. Fear can destroy capital. End of story.