cashew

Is Nationalization Contagious?

John Cordes a very thoughtful and excellent response. Thank you.


On Jan 24 08:55 AM John Cordes wrote:

> It"s rather amazing to see how many people think that a cataclysm
> is a viable option. It's almost as though there is a perverse vengence
> or subtext of hoped for melt down in which all those who are underserving
> malefactors and the elite will suffer and set the stage for the survivors
> to ascend. Too many movies and armagedon dwellers I think. It's
> a particularly American characteristic perhaps, wipe the slate clean,
> start over, the losers deserve it mentality. I think it's a product
> of social darwinism and a culture that has insufficient experience
> with humanistic philosophies and spiritualism. Not a plug for religion,
> just an observation.
>
> By the way, nationalization is tantamount to a collapse, just more
> costly to the public. As one poster noted, Obama's team is too smart
> to do either. Distasteful as it is, we will preserve the big three
> banks for the sake of the economy, which could not endure another
> psychological blow of this magnitude nor the financial bomb it would
> set off. Think of it as you like, either a spider web, a cancer,
> a root rhizome that goes everywhere and is tangled up with hundreds
> of corporations and businesses. A bankruptcy of such magnitude is
> like an emt explosion that frys the infrastructure of everything
> it touches. Look at what Lehman's collapse did to dozens of otherwise
> innocent corporations and funds. Magnify that by 50 in the case
> of CITI or BAC.
>
> So grow up people, it's not a Mad Max movie, it's your society and
> economy as you know it. No fuzzy, grainy black and white newsreels
> of hobos and soup lines, but a modern day catastrophy that would
> produce havoc and wealth destruction that would last for years and
> most likely change world order politics and our own social fabric.
> Unless that's what you Mad Maxers think we need.

Is Nationalization Contagious?

I agree if you nationalize banks you are putiing us into a deep depression you may never pull out of. The Fed's need to go mark to model. institute the uptick rule, create a bank to hold all the toxic crap and if the Fed's bought common shares you would see the market and economy turn upward quickly.


On Jan 23 02:15 PM TPoise wrote:

> The nationalization of ANY major bank would spread instantly throughout
> the financial markets of the world. XLF would be $1/share or less.
>
>
> Nationalization is just a really bad idea. We need to ATTRACT private
> capital so the need is reduced for government money. However, not
> many people are willing to pile money into a bank right now knowing
> that their preferred shares or common will get wiped out just like
> TPG did with WaMu in 2008.

Hide in the Fetal Position - Fast Money Recap (10/2/08)

Macke is right cash is it !!!!!!!!!!!

Hide in the Fetal Position - Fast Money Recap (10/2/08)

macke is right cash is it !!!!!!!!!

Citigroup: Trading Transparency

If you bought financials on the lows last week. Wachovia below 10 and Citi down below 12 and sold Friday late in the day you made a huge return. Was it smart to do it ? Who knows, but if stocks went much lower the whole game would have been over for everyone!!!!!!!!!!