Chemist29

Two Prominent Economists Admit Leverage Kills

Yeah, not sure how this is going to help the markets or the economy...and yes lets listen to the people who caused a huge mess 10 years ago. Where were they then?

Japan Provides Proof That Bank Bailouts Work

Last I checked TARP was started under bush. but attribute everything to obama....

Why This Rally Is Unsustainable

awww shorty got burned...

Betting on the Big Banks

bought merrill for pennies on the dollar? are you nuts? the whole argument is that they OVERPAID, and I dont see anyone else stepping in to buy merrill or countrywide...Great example of revisionist history. besides, they hardly concealed the fact they sold 1.6 billion from CCB.

Citigroup: The Beginning and End of the Current Rally?

Citi common stock should not really move much until the conversion from the preferred happens.

Waiting for the Government to Act on Banks

So a doctor who graduates med school who makes lets say 200k a year, and who has debts from undergrad and med school that total 250k, right when he graduates is insolvent right? Because his liabilities exceed his assets...makes sense. must declare bankruptcy right away huh? Yeah, I agree the banks common equity is probably negative but cash flow is there and liabilities are being paid. time is all that is needed, not government making more irresponsible lending decision (fannie and freddie anyone?)

Sorkin's Questions to Bank CEOs, Answered

13-Nov-08 PANDIT VIKRAM S
Officer 850,000 Direct Purchase at $8.92 - $15.15 per share.

Time To Buy Banks? Proceed With Caution.

Maybe this represents climbing out of the bottom, maybe not. Who knows if we'll test these lows again but it honestly doesn't matter, next time it dips, buy. it's really that simple, enjoy the rally for now!

Time To Buy Banks? Proceed With Caution.

Not to point out the obvious or anything, but you buy things when they are lower, not when they are higher, so you get more shares for the same cost. Example, the news was TERRIBLE tuesday morning, USB is still earning its dividend, so I bought, at 22.1 and locked ina 7.7% yield. Now i'm up 30% on principle also. Obviously not all my picks have done that but you buy on weakness, when things are low. When the good goes down with the bad, thats when to buy. By the time everyone starts feeling good and cnbc says buy banks, theyll already be up 30%.

Is Citi's Vikram Pandit a Robot?

some of us got above a 400 on the SAT verbal, not sure Felix is one of em.

Citi's Old Lane Fiasco: A Perfect Illustration of Everything That's Gone Wrong

So are we ripping on pandit because he's smart and made 165 million dollars? Not sure how its his fault citi bought his hedge fund. I would take this article on a positive, shows how smart Pandit is, he's objective and intelligent and knows how to be successful. His old hedge fund was weak and he shut it down, no remorse, no pity, so far he looks like he knows what he's doing. Besides, experience is overrated in general. Smart, ambitious, hard working, quick learners will always excel. Hopefully Pandit continues his meteoric rise to the top.

Financials: The Capital Infusion League Table

Wachovia just had to get more :P

Financial Stocks to Buy When the Market Reverses

I agree with DSX. Plus, Bank of America hasn't eaten very much in losses relative to its size, it's still chugging away making making profits...yes profits, and paying out a fat dividend (thats safe), along with WB and C, which hopefully wont cut its dividend...eh (i'm long WB, C, and BAC)

Time for Greater Oversight of Mortgage Lenders? Duh!

Wall Street is motivated by greed. Anyways, When we have our genius of a treasury secretary saying things like "Banks should cut their dividends to recapitalize themselves" , which is the dumbest thing I've ever heard, I think we should cut his salary to help the deficit and likewise the dollar.

Financials Offer Patient Bulls Many Opportunities

This is a financial meltdown in magnitude just like the early 90s, and late 90s, right on schedule. No reason to believe they wont bounce back quickly just like they did back then. Maybe its not the bottom, maybe it is. I got bac at 42, wb at 33, and citi at 25. Citi's the riskiest probably, if it goes down more I'll just buy more. The economy will bounce back, too many doomsday armageddon predictions. Earnings will be fine once the major losses are done being written off, which is presumably already priced into the stock at this point, no?