muley101

Is the U.S. Banking System Safe?

Great Article. It looks like the ultimate perfect storm. Just a few obstacles to overcome and we're in the clear:

1) Banking Crisis Growing, will be here for at least a decade
2) Soaring Price of Oil - Boone says largest transfer of wealth ever
3) Global Warming - food crisis looming, more national weather disasters to come, no more trailers from FEMA
4) Deflation in housing/Inflation in everything else
5) No Liquidity for new loans to drive the economy
6) 8 years of a fool for a President - America's reputation tarnished
7) Soaring National Debt
8) Never-ending War
9) Soaring Health Care costs
10) Iran, N.Korea going 'NUKULARE'

Other than that everything os A-OK

Buyout Not the Best Option for WaMu Shareholders

Jim Cramer says WAMU is the worst run bank in the US. Ben Stein says WAMU is a 'beautifully run bank' and that he does not understand why people are not investing in it. I'd like to see a debate between these two on WAMU.

SEC Shorting Restrictions: Are Some Banks Being Set Up?

Thanks for this article. Now I know why my usual day trading strategy for WM was not working today. They were not moving with the rest of the pack as indicated by the RKH and XLF ETFs.

Writedowns and Capital Raised by Financial Firms

Yep, I'd like to see a comparison of C and WM showing total loan portfolio vs % of writedowns. WM should have the same or more bad loans as C as a % of total, especially since most of their loans are on the west coast and Florida. It that is true then there is no way they can survive and their recent statements regarding sufficient liquidity should send their board to jail.

Morgan Stanley Makes Lehmanade - Fast Money Recap (6/30/08)

I would not buy financials until the XLF has retraced back above $28. Even then I would be cautious.

Goldman Sachs, Merchant of Gloom?

GS is more powerful than the Federal Reserve and Congress. They have undone everything the Fed and Congress have done for the economy, and then some.

Lehman's Short Term Fundamentals Are Shaky

Does anyone believe that analysts estimates were exactly in line with the recent LEH earnings report? The number was manufactured and distributed in advance. LEH reallly do not have a handle on their numbers. Expect more bad news from LEH.