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.

The Three Riskiest Banks - American Banker

Paul, you are much too "sensational". Please prove your statement, "most US banks are at or close to insolvency."

Perhaps that is true for the largest ten banks, but aren't you aware that there are many thousands of smaller banks in this country that do not fit this categorization?

Rubin Deserts a Sinking Citi

For what Rubin did in both government and at Citi, he should take a long walk off a short plank.

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!

Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System

The FDIC continues its unethical practice of arranging shotgun weddings.

Who is the next couple????

Wachovia Dumps Citigroup, Merges with Wells Fargo

It is obvious that the FDIC is attempting to shore up the balance sheets of the giant subprime specialty banks even if it means robbing from Peter (Wachovia and Washington Mutual) to pay Paul (JPM Chase and Citibank).

Appears $700 billion supplied by the taxpayers is not enough.

Wachovia Dumps Citigroup, Merges with Wells Fargo

WRONG. The FDIC is NOT concerned with, "public or taxpayer interests."
Otherwise, it would not have gifted Washington Mutual to JPM Chase or keep on forcing Wachovia to "marry" Citibank when the most sensible "wedding" is with Wells Fargo.

What is the FDIC's unspoken agenda?

Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System

The FDIC continues to unnecessarily meddle with the financial market. First it was with Washington Mutual by gifting it to JPM Chase, now it seeks to give Wachovia to Citibank over the objections of taxpayer and Wachovia shareholder interest.

What gives with the FDIC? Is it the pawn of Paulson, the Federal Reserve, or just who?

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.

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.