Ishortyou

Total Rating:
+4 / -3

402 Comments

    • Fri Oct 3rd 06:32 AM | Rating: 0 0
      Commented on:
      Did Crony Capitalism Lead to Wachovia's $54B Bailout?
      Stop whining about the tax payer money, do you think is it any better than Social Security? tax payer money that taxpayers will never see in the rest of their lifespan, or what about medicare? or wellfare? do you think that taxpayer money is soundly managed? or what about other government expenses and payrollls? well think again. Wachovia got rid off the prior toxic risky wasted bank subsidiaries and kept the good ones. Now it can start from scratch to build a new banking subsidiary with safe practice together with its remaining good outstanding subsidiaries. The current subsidiaries of Wachovia make it look like “Merrill Lynch without the toxic risky waste”, good job from management it separated the good bank from the bad bank overnight, plus its CEO Bob Steel is one of the top rated mutual fund managers. Wachovia will keep the valuable human resources and the talent that have expirience in the banking business saving them for the new banking subsidiary. Buying the municipal bonds or the auction rate securities will give the inflow of cash as long as its hold even to maturity. Some investors are taking money away from Hedge Funds going wild and putting that money into accounts manage by people that know what they are doing, Bob Steel is one of those people that know what they are doing, dont be surprise some of this money will go to Wachovia subsidiaries. Earnings will be adjusted accordingly, like simple arithmetics they will manage its expenses vs its earnings to come ahead in capital and start piling up cash (saving cash a hard job for most of us that live on debt), this new cash will give them the jump start of a new banking subsidiary without even thinking about to sell its remaining subsidiaries.Forgot to mention that Wachovia owns a hudge Insurance subsidiary which is making money and has sound book of business. Lehman debt is bonds most of them senior, as bankrupt as Lehman is those bonds get paid. ARS are Municipal Bonds as bonds they get paid, hold into maturity they get paid in principal, those ARS are cash flow. Preferred dividends will get paid accordingly because the holding company does not own the banking subsidiaries anymore so modification are going to be made. Getting rid off the toxic waste risky bank related subsidiaries is a good strategy and converting the remaining broker one to a new bank subsidiary with clean sheets is a good one too.
      View article »
    • Thu Oct 2nd 19:21 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      Steel has a long history as an outstanding financial manager, and looks like he will do his best to keep the rest of subsidiaries as good profitable cautious businesses.
      View article »
    • Thu Oct 2nd 17:33 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      and Wachovia can easily convert its broker subsidiary into a new and improved bank one with clean sheets and books, similar to what Morgan Stanley and Goldman Sachs did just few weeks ago.
      View article »
    • Thu Oct 2nd 17:31 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      @Davd take a pick at their books on the prior publications and now considered that they dont have the toxic bank subsidiary, now they have more value than before and obviously have a lot more options for good businesses.
      View article »
    • Thu Oct 2nd 17:25 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      The bank subsidiary was dragging the holding company down, too toxic.
      View article »
    • Thu Oct 2nd 17:15 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      well the thing is that they sold the bank subsidiary to Citi they keep the rest which has a lot of value. The thing is how to keep the toxic wasted bank subsidiary without taking the holding company down with it.
      View article »
    • Thu Oct 2nd 17:06 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      the best compensation for a shareholder is the book value of business if business is good and the book value sound no question shareholders come ahead.
      View article »
    • Thu Oct 2nd 17:01 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      Steel came late in June 2008, to try to put the bank subsidiary on its feet so much time to work on the problems succesfully but it saved shareholders rear ends at least they have a chance for a slow recovery.
      View article »
    • Thu Oct 2nd 16:47 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      So guys got to be kidding is the rest of subsidiaries from Wachovia are worthless, as you can see in their reports the book value of the rest of subisidiaries like brokerage, mutual fund management, insurance and some wealth management are around a trillion dollar mark, the book value is at least 20 dollars a share if not more and this WITHOUT THE TOXIC RISKY BANKING WASTE!
      View article »
    • Thu Oct 2nd 16:13 PM | Rating: 0 0
      Commented on:
      Robbing Peter to Pay Paul: More on Wachovia / Citi
      is the run on the bank that was killing Wachovia, with Fox news and the other media pounding every day fears about the bank going bankrupt they got their wish, depositors panic and run on the bank like chickens without head, that been said, if the bail out plan buys Wachovia toxic waste to the price it cost it, and no more capital raise required, and no more media scare and run on the bank, and no more write downs and downgrades from rating agencies on its debt, then you probably got a deal, worst case scenario would have been the fate of Washington Mutual, so I guess there was some luck after all. Wachovia got rid off the prior toxic risky wasted bank subsidiaries and kept the good ones. Now it can start from scratch to build a new banking subsidiary with safe practice together with its remaining good outstanding subsidiaries. The current subsidiaries of Wachovia make it look like “Merrill Lynch without the toxic risky waste”, good job from management it separated the good bank from the bad bank overnight, plus its CEO Bob Steel is one of the top rated mutual fund managers. Wachovia will keep the valuable human resources and the talent that have expirience in the banking business saving them for the new banking subsidiary. Buying the municipal bonds or the auction rate securities will give the inflow of cash as long as its hold even to maturity. Some investors are taking money away from Hedge Funds going wild and putting that money into accounts manage by people that know what they are doing, Bob Steel is one of those people that know what they are doing, dont be surprise some of this money will go to Wachovia subsidiaries. Earnings will be adjusted accordingly, like simple arithmetics they will manage its expenses vs its earnings to come ahead in capital and start piling up cash (saving cash a hard job for most of us that live on debt), this new cash will give them the jump start of a new banking subsidiary without even thinking about to sell its remaining subsidiaries.Forgot to mention that Wachovia owns a hudge Insurance subsidiary which is making money and has sound book of business. Lehman debt is bonds most of them senior, as bankrupt as Lehman is those bonds get paid. ARS are Municipal Bonds as bonds they get paid, hold into maturity they get paid in principal, those ARS are cash flow. Preferred dividends will get paid accordingly because the holding company does not own the banking subsidiaries anymore so modification are going to be made. Getting rid off the toxic waste risky bank related subsidiaries is a good strategy and converting the remaining broker one to a new bank subsidiary with clean sheets is a good one too.
      View article »
    • Thu Oct 2nd 13:07 PM | Rating: 0 0
      Commented on:
      Wachovia for Free? Citi Still Paid Too Much
      @starpvb well the situation is simple if the 'bail out plan' buys Wachovia bad mortgages at Wachovia's cost price, which I believe is going to be unlikely, and no further wright downs are required, and rating agencies do not downgrade Wachovia's debt, and depositors specially small business payrolls do not run out of the bank to bigger banks like it did in the last few weeks, and the whole economy gets better with few people requiring to take their cash out to cover living expenses then you likely will get a deal.
      View article »
    • Thu Oct 2nd 12:55 PM | Rating: 0 0
      Commented on:
      Zero-Baseline Datapoint of the Day
      in regards to Wachovia Wachovia got rid off the prior toxic risky wasted bank subsidiaries and kept the good ones. Now it can start from scratch to build a new banking subsidiary with safe practice together with its remaining good outstanding subsidiaries. The current subsidiaries of Wachovia make it look like “Merrill Lynch without the toxic risky waste”, good job from management it separated the good bank from the bad bank overnight, plus its CEO Bob Steel is one of the top rated mutual fund managers. Wachovia will keep the valuable human resources and the talent that have expirience in the banking business saving them for the new banking subsidiary. Buying the municipal bonds or the auction rate securities will give the inflow of cash as long as its hold even to maturity. Some investors are taking money away from Hedge Funds going wild and putting that money into accounts manage by people that know what they are doing, Bob Steel is one of those people that know what they are doing, dont be surprise some of this money will go to Wachovia subsidiaries. Earnings will be adjusted accordingly, like simple arithmetics they will manage its expenses vs its earnings to come ahead in capital and start piling up cash (saving cash a hard job for most of us that live on debt), this new cash will give them the jump start of a new banking subsidiary without even thinking about to sell its remaining subsidiaries.Forgot to mention that Wachovia owns a hudge Insurance subsidiary which is making money and has sound book of business. Lehman debt is bonds most of them senior, as bankrupt as Lehman is those bonds get paid. ARS are Municipal Bonds as bonds they get paid, hold into maturity they get paid in principal, those ARS are cash flow. Preferred dividends will get paid accordingly because the holding company does not own the banking subsidiaries anymore so modification are going to be made. Getting rid off the toxic waste risky bank related subsidiaries is a good strategy and converting the remaining broker one to a new bank subsidiary with clean sheets is a good one too.
      View article »
    • Thu Oct 2nd 12:52 PM | Rating: 0 0
      Commented on:
      Real Estate Lending Growth, 2003-2008
      in regards to Wachovia Wachovia got rid off the prior toxic risky wasted bank subsidiaries and kept the good ones. Now it can start from scratch to build a new banking subsidiary with safe practice together with its remaining good outstanding subsidiaries. The current subsidiaries of Wachovia make it look like “Merrill Lynch without the toxic risky waste”, good job from management it separated the good bank from the bad bank overnight, plus its CEO Bob Steel is one of the top rated mutual fund managers. Wachovia will keep the valuable human resources and the talent that have expirience in the banking business saving them for the new banking subsidiary. Buying the municipal bonds or the auction rate securities will give the inflow of cash as long as its hold even to maturity. Some investors are taking money away from Hedge Funds going wild and putting that money into accounts manage by people that know what they are doing, Bob Steel is one of those people that know what they are doing, dont be surprise some of this money will go to Wachovia subsidiaries. Earnings will be adjusted accordingly, like simple arithmetics they will manage its expenses vs its earnings to come ahead in capital and start piling up cash (saving cash a hard job for most of us that live on debt), this new cash will give them the jump start of a new banking subsidiary without even thinking about to sell its remaining subsidiaries.Forgot to mention that Wachovia owns a hudge Insurance subsidiary which is making money and has sound book of business. Lehman debt is bonds most of them senior, as bankrupt as Lehman is those bonds get paid. ARS are Municipal Bonds as bonds they get paid, hold into maturity they get paid in principal, those ARS are cash flow. Preferred dividends will get paid accordingly because the holding company does not own the banking subsidiaries anymore so modification are going to be made. Getting rid off the toxic waste risky bank related subsidiaries is a good strategy and converting the remaining broker one to a new bank subsidiary with clean sheets is a good one too.
      View article »
    • Thu Oct 2nd 12:22 PM | Rating: 0 0
      Commented on:
      Wachovia for Free? Citi Still Paid Too Much
      in regards to Wachovia Wachovia got rid off the prior toxic risky wasted bank subsidiaries and kept the good ones. Now it can start from scratch to build a new banking subsidiary with safe practice together with its remaining good outstanding subsidiaries. The current subsidiaries of Wachovia make it look like “Merrill Lynch without the toxic risky waste”, good job from management it separated the good bank from the bad bank overnight, plus its CEO Bob Steel is one of the top rated mutual fund managers. Wachovia will keep the valuable human resources and the talent that have expirience in the banking business saving them for the new banking subsidiary. Buying the municipal bonds or the auction rate securities will give the inflow of cash as long as its hold even to maturity. Some investors are taking money away from Hedge Funds going wild and putting that money into accounts manage by people that know what they are doing, Bob Steel is one of those people that know what they are doing, dont be surprise some of this money will go to Wachovia subsidiaries. Earnings will be adjusted accordingly, like simple arithmetics they will manage its expenses vs its earnings to come ahead in capital and start piling up cash (saving cash a hard job for most of us that live on debt), this new cash will give them the jump start of a new banking subsidiary without even thinking about to sell its remaining subsidiaries.Forgot to mention that Wachovia owns a hudge Insurance subsidiary which is making money and has sound book of business. Lehman debt is bonds most of them senior, as bankrupt as Lehman is those bonds get paid. ARS are Municipal Bonds as bonds they get paid, hold into maturity they get paid in principal, those ARS are cash flow. Preferred dividends will get paid accordingly because the holding company does not own the banking subsidiaries anymore so modification are going to be made. Getting rid off the toxic waste risky bank related subsidiaries is a good strategy and converting the remaining broker one to a new bank subsidiary with clean sheets is a good one too.
      View article »
    • Thu Oct 2nd 09:45 AM | Rating: 0 0
      Commented on:
      Gold Bulls: Beware
      Wachovia got rid off the prior toxic risky wasted bank subsidiaries and kept the good ones. Now it can start from scratch to build a new banking subsidiary with safe practice together with its remaining good outstanding subsidiaries. The current subsidiaries of Wachovia make it look like “Merrill Lynch without the toxic risky waste”, good job from management it separated the good bank from the bad bank overnight, plus its CEO Bob Steel is one of the top rated mutual fund managers. Wachovia will keep the valuable human resources and the talent that have expirience in the banking business saving them for the new banking subsidiary. Buying the municipal bonds or the auction rate securities will give the inflow of cash as long as its hold even to maturity. Some investors are taking money away from Hedge Funds going wild and putting that money into accounts manage by people that know what they are doing, Bob Steel is one of those people that know what they are doing, dont be surprise some of this money will go to Wachovia subsidiaries. Earnings will be adjusted accordingly, like simple arithmetics they will manage its expenses vs its earnings to come ahead in capital and start piling up cash (saving cash a hard job for most of us that live on debt), this new cash will give them the jump start of a new banking subsidiary without even thinking about to sell its remaining subsidiaries.Forgot to mention that Wachovia owns a hudge Insurance subsidiary which is making money and has sound book of business. Lehman debt is bonds most of them senior, as bankrupt as Lehman is those bonds get paid. ARS are Municipal Bonds as bonds they get paid, hold into maturity they get paid in principal, those ARS are cash flow. Preferred dividends will get paid accordingly because the holding company does not own the banking subsidiaries anymore so modification are going to be made. Getting rid off the toxic waste risky bank related subsidiaries is a good strategy and converting the remaining broker one to a new bank subsidiary with clean sheets is a good one too.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»