Warm_Paw

When CDS Spreads and Equity Prices Rise in Tandem

So what exactly are you saying?
Maybe sum it up in a statement the masses might understand.
Or are you actually saying anything?
I read alot of articles where nothing really was said.
Just time wasting drivel from some clown without a life.

Banks Scramble to Refinance Their Long-Term Debt

For our commentators.
If you dislike the reality of the situation, don't pick on the messenger.
I want to continue to be informed.
Positive news always makes me say "Yeah Right"
Negative news is hard to deliver, so it carries more weight in truth, in my opinion.
Bottom line is - there has been no transparency on where the banks are in ridding themselves of their toxic assets. The fact is, that is the heart of the crisis so just to go into denial on the subject did not make the problem go away.
The govt does not have another $700 billion to throw at this and it hasn't mitigated the damages because the banks have refused to write down the toxic assets in trying to put a positive spin on earnings. So toxic assets are still there, Fed dumping money into market has created Fed Bubble.
When Fed runs out of money - bubble gets pricked.
Banks who then can't get funding will fall like dominos.

What About Citigroup and BofA's Billions in Deferred Tax Assets?

Having two sets of books IS DODGY!
It's an example of how complacent the regulating authorities are.
The book for the taxman is closer to true value than the bright shiny and deluded book handed to the investor.
It's called fraud in the criminal courts but hey, Wall Street writes their own rules. They're BIGGER than the Govt.
Citi's cooked - not just it's books. I'm sure what is being reported by Citi has been adjusted with the suspension of FASB rules so the situation is most likely worse than the rosy picture they're painting.
And with all the CFO's and CEO's declaring they're comfortable with their present situation, what else are they going to say?
"Oh My God!!!! We're going to Crash and Burn!"
They're trying to sucker the unsuspecting public into purchasing their worthless shares?
Recall these execs owning massive amounts of shares in disturbing compensation packages? The warm fuzzy feeling comes from knowing their compensation for driving three large US banks into the ground has less of an intrinsic value than Bathroom tissue.

U.S. Handling of Financial Crisis - A Less Optimistic View

I for one am not blaming Obama for this mess. It began in 1999 2000.
The problem is, Obama's been handed the problem and is listening to the people who created this problem and are lining their pockets on his presidency. Half of the bailout money was handed out pre Obama leaving Obama holding the bag in handing out the other half.
There's no way one wins a presidential election and can be up to speed with the finances of the country.
Bush handed Obama a time bomb.
The problem I have is that Obama continues down the path of his own destruction by not getting his own people, or even expert advice on what is occurring. He's relying on the crooks who did this to inform him. A fox watching the henhouse.
Even yet the people who are responsible for this systemic risk, fight regulation. Guess why that is?
Obama should let whatever institution that took the risk, fail.
Strong institutions are there to pickup business from the risk takers.
No one knows what the result would have been had these institutions had not been bailed out.
They've been bailed out and the average citizen is not enjoying any signifigant change because of that. Just the banks are enjoying survival at the expense of the tax payer.
A naive president believes everything everyone tells him when it offends the senses.
The emporer is wearing no clothes.

Goldman, Buffett Deal with Fannie Mae Inked a Month Ago

What can the taxpayer do about it.
A movement should be started confining the president to one term if he blatantly stands by while Goldman and Buffet profit from the tax payer subsidizing losses to the banks.
This can't be legal?!?!?!
Aren't their people handling tax dollars who are accountable to the public?
What prevents anyone from lining his pockets through this kind of action?

Crude Oil Inventories Show a Sharp Decline

Oil is getting a boost this morning following the weekly EIA inventory report which showed that crude oil stockpiles increased by 3,963K barrels (expectations called for a build of 1,500K). At a time of year when stockpiles are typically rising, today's inventory decline came as a big surprise.

3963 K > than 1500 K

That means an increase in inventory, not a decrease.

Oil prices at present are strictly tied to the value of the US Greenback. Everyone agrees the Fed is not going to raise rates, thus oil is not about to take a whipping.

Should the Fed raise rates, oil falls in price on the barrel.

I'm typing slow so you don't get this confused.... ;-)

How Much Did Goldman Know?

The Untouchables...
How do you go about changing the existing situation when companies like Goldman blatantly rip the govt off yet do it inside the law?
If it's legal, there's not a damn thing you can do about it. Goldman knows that and THAT'S why it's blatant.
Now GS friends in Washington will create law if need be, that can be exploited.
The masses can act with their money - spend your money on main street, not wall street.

The Secret to the Banking Sector's Success

When the greenback becomes the peso, I buy property.
By the time the greenback's on par with the yen , CEO's will be demanding their bonuses in euros.

Geithner to Blame for Outrageous Goldman Bonuses

Goldman claiming they're a bank when they're not a bank, isn't that fraud?

Fannie and Freddie: Not Worthless Yet

It's bullshit articles like this (FRE & FNM are in conservatorship) that keep giving hope to the uninformed public.
Speculating is fine, you'd have better luck in Vegas playing black jack, but after the next wave of Option ARMS coming to maturity it's going to be obvious the govt will bankrupt the country continuing to prop up the GSE's.

The Secret Paulson-Goldman Meeting

And if Paulson telling Goldman at a meeting in Moscow which would surely be disinformation, that all will be wonderful in America and that it should be fixed within a year, the Russian's now know it's worse than they thought and that the US is vulnerable.
How do we put such dim witted people into such positions of authority?!

The Secret Paulson-Goldman Meeting

Why would Goldman Sachs want to meet with Mikhail Gorbachev?
And who at Goldman Sachs wanted to meet with Mikhail Gorbachev?
And if Paulson and Goldman felt they could offer the russians disinformation, because the entire country is bugged, did they think the russians were that naive to believe everything they said at a meeting in Moscow?
The disinformation would be information to the russians.
I've heard grade school children with more sophisticated plot lines.

As Asset Valuations Soar, Earnings Wobble - How Safe Is Banking?

So many articles, so little actually said...

Let's start with question #1.
Of the top ten banks, how much toxic asset does each bank hold?

#2.
What is the book value for these assets?

#3.
What is the market value of these assets?

#4.
How many banks have suspended mark to market accounting?

#5.
If forced to sell these toxic assets, can these banks produce effective capitalization to meet their requirements?

#6.
Can these banks even calculate future losses on MBS' due to bundling?

#7.
When are the next wave of matuiry dates to occur?

There media people - answer these questions.

This should get GE on the ball and sell CNBC before the answers come out. hehe

Goldman Sachs: 'A Hybrid Hedge Fund and Bookie'

It was all bullshit from the get go.
Paulson should be brought up to discuss his obvious conflict of interest. His selling of shares right before the bailout was actually humorous.
Goldman saw a loss coming and FASB suspending mark to market rules put a finger in the dyke.
It's just a finger. Gave Goldman time to avoid a loss.
Warren Buffet wasn't long snapping up distressed GS shares.
Doubled his money in less than a year.
These kids are playing behind the curtain long before the investing public knows what hit them.
But is it legal for the Fed to just arbitrarily bail these banks out using tax payer dollars?
There was never any systemic risk.
Companies boom or fail - it's the way of true market capitalism.
Now we have systemic risk - a trillion dollar deficit owed by people without jobs and foreclosing on their homes.
And a president fiddling with healthcare while the country picks up the tab on the biggest scam in history.
It's a farce!
The global businessmen probably think we need more muzzled grizzly bears wearing tutu's for our circus.
From Bush to Obama, one forgot and the other never knew....

Too Big to Fail - Even Greenspan Is Speaking Out

Goldman Sachs runs the United States of America.
Obama's just this token black guy puppet.
I think Obama's coming to realize that.
When the REAL power says SHIT! he comes slidin'