Ishortyou

Most of 19 Banks Passed the Stress Test

well like it says its all speculation....no methodology on it.

Fed to Banks: Keep Quiet About Stress Test Results

Politics, politics, politics...now they fell trap in their own trikcs.

Earnings Preview: BB&T

the mark to market accounting is dead....so rules of the game have changed...losses are going to be masked.

Messages from the Large Regional Banks

well definitely the oversupply in housing and new home starts and building permits are killilng the financial sector, so if this is corrected by some kind of tactics or strategy, we will have an economic miracle.

Are TARP Participants Safe Investments?

if you want your economic miracle get rid off the 18 months oversupply in housing inventories and the 600K+ new house starts and voula there you have your miracle.

BB&T Bank: A Rose Amongst the Thorns

the downgrade will trigger more problems to this bank, so they are walking on a thin line, god knows what is going to happen next.

Good Financial/Bad Financial Divergence

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.

Bank Exposure to Freddie/Fannie Securities: Do Your Homework

thank you for the homework! keep it up!

Large Banks' Net Income History

To all Banks and Broker Firms: just FIRE SALE from your books all structure finance vehicles i.e.: CDO-ABS-MBS-SIVs if you want to live period!