Bman

11 Comments

    • ON: Thu Aug 14th 23:02 PM
      Commented on:
      Options Trader: Thursday Outlook
      Okay...time to be personal...you don't know Sh*t. You make statements like JPM buying WM? What the F*ck do you know. You people are so full of it.
      View article »
    • ON: Fri Aug 8th 23:38 PM
      Commented on:
      WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues
      Did you read your loan documents Chuck?
      View article »
    • ON: Wed Jul 30th 11:04 AM
      Commented on:
      Buyout Not the Best Option for WaMu Shareholders
      What blog is this? I'm confused.
      View article »
    • ON: Tue Jul 29th 12:18 PM
      Commented on:
      Of Rumors and Bank Runs
      I wish I could short "Seeking Alpha"...the authors of these articles are bankrupt.
      View article »
    • ON: Tue Jul 29th 12:16 PM
      Commented on:
      Of Rumors and Bank Runs
      You need to learn the differences between a run on a Bank (deposits), stock price (ability to raise capital) and credit cost (open market debt costs). You seem to speak about all of these as if they are the same and impact a Bank the same.
      View article »
    • ON: Fri Jul 25th 22:26 PM
      Commented on:
      WaMu and More: Uninsured Depositors Begging for Trouble
      Wez...you lack facts. State...you lack facts. The fact is that no bank in the world has enough cash to withstand a run. Fact! Hysteria and the current market environment ensured InduMac's failure. Fact! IndtMac business practices made it vulerable to the prior point. Fact. Irresponsible blog articles can result in hysteria...the rest is obvious.

      Be stupid or an idiot. But the above are facts.
      View article »
    • ON: Fri Jul 25th 15:57 PM
      Commented on:
      WaMu and More: Uninsured Depositors Begging for Trouble
      Wez...you better check the article...you quote too generously. Also, you should read my post.

      It is stupid...just look at what happen to IndyMac.
      View article »
    • ON: Fri Jul 25th 14:32 PM
      Commented on:
      WaMu and More: Uninsured Depositors Begging for Trouble
      Good advice on one level, but I think comments like this that single out any Bank by name are foolish and irresponsible...even for a blog. In fact, I you'd be an idiot to think that a "run" couldn't be generated by news hysteria...on any Bank right now.

      Yes, be smart and be insured. NO! Doubt be an idiot (Schummer-like) and create hysteria.
      View article »
    • ON: Thu Apr 24th 12:13 PM
      Commented on:
      Regional Banks: Too Small to NOT Fail
      Oh man...you really need to do your homework! The "too big" and "too little" comments are completely in error and miss the primary business drivers that lead to liquidity problems. IT'S LEVERAGE! Bear Sterns was 30:1...I have no idea what Countrywide had going from an actual ratio, but there model was on the high end of mortgage bank leverage.

      Please get rid of your short positions so you can move on in your investment life.
      View article »
    • ON: Fri Mar 28th 20:20 PM
      Commented on:
      Wells Fargo Seeking Fed Shotgun Marriage
      Come on..."the power of yes" is associated with vintages years before the meltdown. I think the delinquency information shows that the vintages that are bad are far more recent. Without question, Option ARM's are part of the story, but you clearly have an axe to grind. Come on. You are part of the hysteria...not the history. Oh wait...you are only speaking from a point of history.

      I would like to point out that Fannie Mae is seeking additional credit. The is an article today about practices at Chase to get around income requirements (look up the ticker and the article is there). How are these linked to WaMu?

      Let's all say it..."WaMu bad". Okay, that was cleansing.

      Yes, I have a financial interest in WaMu and yes, I feel stupid for it (didn't sell enough on the way down). I just don't like bitter former employees making it worse.
      View article »
    • ON: Fri Mar 28th 11:15 AM
      Commented on:
      Wells Fargo Seeking Fed Shotgun Marriage
      Hey...I should know...check your facts. The Option ARM ltv's for WAMU are published. Although your comments are logical...they don't apply to this reality.
      View article »
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