Kostya Tszyu's right hand

FDIC Won't Run Out of Money, But WaMu May Be Toast

From The TimesSeptember 11, 2007

British billionaire snaps up 7% holding in Bear Stearns

Chris Whalen, of Institutional Risk Analytics, said: “What the investment shows is that Bear Stearns looks like good value at this level. Bear Stearns is a sound bank, I’m not worried about their future.

Don't Believe the Lies: Ride the Bank Stocks Bull

I enjoy these bullish articles on the financials if only to see the shrieking bears become unglued. This one was a show-stopper.

Don't Believe the Lies: Ride the Bank Stocks Bull

Well stated Jason.
Commercial banking is all about the spread with the underlying assumption that they know how to manage that spread with effective asset/liability management techniques and that the asset quality(loans) is maintained.

More on the Banking Backdrop: Never Before So Many Loans

I started buying my favorite financials this month and will continue until next year at this time...but then again, I was buying energy after the Enron scandal and everyone thought I was insane. I only wish I was smart enough to buy at the bottom, alas, I am not.

Evidence of "Walking Away" In WaMu Mortgage Pool

I remember working through the foreclosure mess of 89-92. Our goal was to keep losses @ $20-$30k per sfh on average. I can't wrap my mind around the $200-$300k losses per sfh these bad boys represent.
Good work Mish.