1worldcurrency

Refinancing Boom Will Degrade MBS Quality Causing Yet More Bank Bailouts

Good luck, but Congress has been bought by the big financial companies.

AIG's Collapse: Was It Criminal?

How about the 15 billion of AIG's bailout bucks that went straight to Goldman Sachs, with Liddy on GS's Board of Directors?

Book Review: 'Financial Reckoning Day' by William Bonner, with Addison Wiggin

The authors' more recent "Empire of Debt", together with "The Trillion Dollar Meltdown [now "The Two..."]" and Reggie Middleton's blog made me a ton of capital gains last year.

Wells Fargo (WFC) reports it earned $3 billion, or 55 cents a share, in the first quarter - well ahead of market estimates. Revenue rose an estimated 16% to $20 billion. Futures jumping on the news.

OK pay back TARP NOW.

Will the PPIP Bankrupt the FDIC?

If you guarantee anything, eventually some sharp fraud will come along to claim it.

$250,000 for each depositor? The too big to fail banks are scrambling for that cash right now.

How Much Risk is the Treasury Really Assuming from Financial Institutions?

Fine article. That collateral is no doubt perfectly valued using the "significant judgment" of the smartest guys in the room.

Being unregulated instruments, no doubt the OCC knows the exact amount of notional outstanding. No one on Wall Street would ever lie.

The FASB Rally: More Dishonest Breathing Room For Banks

Congress could easily reset the banking system in little time:
Modernize Treasury direct.
Any term, any denomination (already available). Teaser rate to get started.
Reduce temporary FDIC guarantee back to 100,000. Bye Bye banks.

The Mark-to-Market Myth

Let them mark however they desire.
Let them pass the stress tests.
Fix too big to fail
Let them sink or swim.

Like we need these gamblers to lend us our tax money.

CDS Recoveries: Down and Out

How about Red Adair*, as Scholes himself suggested?

Oh, sorry, with a few improvements and complications we can keep the Ponzi liquid.

(*=putting out the oil fire by blowing up the well)

Should Healthy Banks Give Back Their TARP Funds?

12,900 million


On Mar 25 04:46 PM Larrysyr wrote:

> How much money cycled from Treasury into AIG into Goldman?

Marc Faber: 'It Will All End in Disaster'

OK I guess the US doesn't really owe 11 trillion and counting, and the US consumer doesn't owe another 57 trillion.

How could that end in disaster?

Should Healthy Banks Give Back Their TARP Funds?

Give back the loot pigmen. Now or never. Scumbags paid their '08 bonus billions already, what more do they want?

LET THEM FAIL

Berkshire Hathaway (BRK.A) keeps its AAA rating for now, but S&P lowers its outlook to Negative - signalling a possible downgrade within the year. Fitch has already downgraded Berkshire, which turns up the pressure on Moody's (MCO) - in which Buffett owns a 20.5% stake.

BWWAAAHHHAAAA
Cuomo's watching, crony pigs.

Congress: Shortsighted About Financials

Thanks GS for paying back TARP with AIG bailout money.

For Citi and JPM to say they're profitable when the real economy is in a downward spiral means only one thing:

The banks are looting the Treasury.

The New Face of Car Rentals

Sorry to burst your bubble, but Budget, Dollar, and Enterprise all within walking distance of my Manhattan apartment, routinely rent for less than $66/day, even before volume discount programs.
Zipcar is overpriced, and if it goes public and tries to pay a dividend, good luck.