dixie

FASB Unlikely to Suspend Mark to Market

Fair value accounting as promolgated by FASB and the FDIC is a misnomer.
There is nothing either intrinsically "fair" or representative of "value" about it. Both of these two groups are out of touch with reality and too often appear to have their respective heads where the sun doesn't shine.

A DCF model is both fair and realistic irrespective of the ups and downs of the economy.

We Cannot Afford to Wait to Recapitalize U.S. Banks

Time is of the essence. Where are the deputies at Treasury? When will they be named? The Secretary seems to be playing his fiddle while the economy burns.

Preview of the Bank Buy-In

Now would be a good time to give Washington Mutual shareholders there just due.

The FDIC literally gave WM to JPM for peanuts and now taxpayers will loan even more to JPM. What a deal!

Who Is Now Number One in the Banking Industry?

JPM will earn goodwill when they decide to make Washington Mutual's shareholders part of the, "family."

There is a belief in the market Chase "stole", WM's assets with the assistance of the FDIC in order to painlessly bolster their own capital position.

JPMorgan and the Concentration of Risk

It appears there are approximately 6 guerilla banks operating in the country. These monster banks have big appetites. It appears that the Federal Government plans to satisfy their hunger by throwing them most of the mid-size and smaller banks as food.

A few years downstream our country will truly be a "planet of apes."

Worrying About Large-Deposit Bank Runs

Right on, Felix. Cesar's response is grossly misleading.

JPM picked up $176 billion of home mortages and many billions of deposits for under $2 billion. So they write-off $31 billion. They will still have $145 billion of mortages. Any banker would lick their chops at this deal. And they get a big tax accounting loss as an added bonus.

JPM is still poping the champagne corks. They looked at (cased the joint like a thief) WM books a few weeks ago. Then, the FDIC conspired ( ala Hugo Chavez style) with JPM to seize the stockholder and bond holder's GOLD in order to "inject liquidity" into a mega bank in order to shore up financial markets. Win-win for JPM and FDIC. Lose-lose for stockholders and bond holders. Conveniently, WM'S senior management and directors were caught offguard by"surprise." Sure they were.

Our government steals just like Hugo Chavez does and with the same result - unjust enrichment without compensation.

RBC Analyst: 300 Banks Could Fail [Housing Tracker]

RBC ANALYST: "300 BANKS ARE LIKELY TO FAIL" HAS NO MORE RELEVANCE THAN SAYING 8200 BANKS WILL LIKELY SURVIVE.

WHAT A THOUGHTLESS STATEMENT. WHERE IS THE PROOF?