Gary A

The FSB's Big, Bad 30

Citibank was not on the original list published by Reuters.

Citi: Expect Strong Economic Growth Worldwide in 2010

Lol, Rubin and Greenspan. Architects of the adjustable Ponzi scheme.


On Nov 24 06:55 PM yellowhoard wrote:

> I wonder how much Citi is paying Bob Rubin each year for his pension?

Wells Fargo, JPMorgan and Bank of America: Stock Prices Can Double

New info Amit. BAC tier one capital is 5.8. New Basel BIS requirements will be 8 percent. And this doesn't even take into account a downturn that could take tier 2 and 3 down.

Still as confident? BAC was one of the worst capitalized of the 45 largest banks in the world.


On Nov 24 12:03 PM Amit Shah wrote:

> Too many dumb comments for me to respond. Buffett invests when he
> thinks companies are cheap, not to be an American patriot. Banks
> reserves for losses are high because the peak of the credit cycle
> will be in 2010. WFC and JPM took writedowns immediately upon acquiring
> Wachovia and Washington Mutual.
>
> I would bet with Paulson and Buffett over any of you fools. The economy
> is growing (although at a slow pace), interest rates are at a record
> low, banks are making tons of money on the steep yield curve, and
> the credit cycle will pass sometime in 2011. With unemployment at
> 10.2%, interest rates are not going to increase anytime soon.
>
> Also, credit cycles do eventually turn, the time to short financials
> was last year, shorting them now is just a complete stupidity. Wells
> Fargo's revenue is increasing in an environment where loan demand
> is down, which is very impressive.
>
> I am extremely confident the fundamentals are improving, not deteriorating.
> Banks are retaining earnings at the fastest pace, provisions for
> credit losses are extremely high, real estate prices have bottomed.

Big Surprise: Most Big Banks Lack Capital

The Bank of International Settlements allowed off balance sheet ponzi housing to reach US shores complements of their tool, the Federal Reserve private Bank. Now the BIS is increasing capital requirements and servicing of the national debt is increasing. We are more and more into debt to the bankers every day, and yet they allowed the ponzi.

Let the military of the United States surround the BIS and let US banks default on all the things the BIS and the Fed allowed them to do in the absense of sound underwriting. Jail the Fed and the BIS.

I doubt anything else will allow us to be any different than Japan.

Wells Fargo, JPMorgan and Bank of America: Stock Prices Can Double

It is all about the Bank of International Settlements and how harsh they want the capital requirements for American banks.

The international banking cartel makes money off of countries struggling with deflation. I could see them wanting the US to stay in deflation. We could choose not to spend like crazy though and thwart these banksters. But we probably will spend like Japan did.

Citigroup: Market Gains to Continue Until Individuals Jump Back In

Low volume on the upside is the clue.


On Nov 18 06:09 PM cash wrote:

> >>Lol, that is funny. Yes, get the retail guy in and clock him with
> a >>massive decline. What a sordid game.
>
> Yup, that is the way wall street works. Atleast the guy is being
> honest and not mincing his words. If individual investors do step
> in to this market after pronouncements like these, then it is their
> fault. Can't say they have not been warned. But it does look like
> the so called dumb money has wised up some, and staying out of this
> Casino where house/street is rigged to win.

Citigroup: Market Gains to Continue Until Individuals Jump Back In

Lol, another funny one. How can they predict an increase in the stock market if they cannot get their stock to 5 bucks? Losers.


On Nov 18 05:17 PM luv2makemonies wrote:

> what about their stock?

Citigroup: Market Gains to Continue Until Individuals Jump Back In

Lol, that is funny. Yes, get the retail guy in and clock him with a massive decline. What a sordid game.


On Nov 18 02:38 PM woollyB wrote:

> "Citigroup forecasts that there is a near 90% probability that stocks
> should be higher in six months and a 97% chance that the S&P
> 500 will be higher in 12 months."
>
> I can't fathom how they calculate those percentages, but if you can't
> trust a Citigroup analyst, who can you trust?

John Paulson's Hedge Fund Position Updates

He won't be fine long term. JPM would prey on Citibank like a vulture on a carcass if conditions are right. The Fed isn't talking about dismantling the biggest banks for nothing. If the economy sinks more, which I believe the Fed knows will happen, these banks will be zombie like for years. And maybe worse. There are a lot better stocks to invest in,IMO.

On Nov 15 10:51 AM bobbybutte wrote:

> why would paulson short it?
>
> He knows the government has sucha large stake that he feels it will
> be fine long term

Time for the U.S. Economy to Reindustrialize

Well if the dollar is devalued enough we can have factories move here. Is that the plan? Problem is that assets are rising too fast if that happens, and it will still be too expensive to do business with 6 dollar gas. Maybe rail will be the only transport and maybe that is why Buffett decided to buy his big railroad.

If the plan is 6 dollar gas and a work force willing to work for minimum wage in a factory, the politicians who allow it will all be gone and continually voted out.

Analyzing the U.S.'s Four Largest Banks

Is the author saying that the banks will straighten their course? I don't see 20 percent down and old fashion lending coming back, do you, FWI?


On Nov 08 09:24 AM fwi wrote:

> It is interesting that I read this well written article and drew
> the completely opposite conclusion. I believe that the banks will
> not straighten their course. They have already forgotten the lessons
> of just one year ago. They do not want to be in the lending/deposit
> business anymore because of the dreaded loan loss provisions.
>
> THey much rather make their money trading with the free discount
> window money they can access from the Fed by Pretending to be a bank
> holding company. And I am not just referring to Goldman Sachs.

Underperforming Banks: A Bad Sign for the Markets?

I personally believe that we have many similarities to Japan. We subsidize the banks like they do. We are starting to spend less, like they do. We are avoiding formation of families, like they do.

Are we going to be like Japan? It is quite possible.

How Bloomberg Fabricates U.S. Housing Numbers

I was thinking that the author may want to look into the retail sales numbers. I think those are fudged as well but how would we prove it?

Is This the End of 'Too Big to Fail'?

You have it right. Who would be against this plan? You clean up the insolvent banks by hitting the stockholders, then the bondholders, then the other banks, and lastly the taxpayer. Whoever is against this is against the ability of the United States to excercise her sovereign power. This is close to treason in my view. We can disagree about certain aspects of the bill and if it is passed never to be used, then it is truly a joke. We will see.


On Oct 28 04:16 PM tripleblack wrote:

> [quote] It requires the failed firm's creditors and shareholders
> to bear "first loss", and, if the brief is to be believed, only if
> they are entirely wiped out and there remains a shortfall will assessments
> be laid - on other large financial institutions, not the taxpayer.
> This should result in large amounts of "social pressure" to stop
> stupid actions, since the risk of them can fall on other large market
> participants. [quote]
>
> This was always the idea behind the FDIC, a form of government supervised
> self-insurance.

Is This the End of 'Too Big to Fail'?

You guys don't get it. The creditors, leveraged hedge funds who hold the bonds of the financial institutions, should be taken down and risk spread around. Then other banks should pay, and then the taxpayer should be responsible for much less of this.

Wildebeast, why would the Founding fathers be appalled at the ability of our government to find another way to insure taxpayers are not on the hook for this resolution of an insolvent bank? They fought the Revolutionary War because the Bank of England abused them!!