1worldcurrency

10 Financial Entities On the Brink

All the analysis you can stomach is in the links. This is an overview.

10 Financial Entities On the Brink

"Favorite" is clearly used in the odds-making and not personal sense.

Just one little question for the bulls. Where will the 10,000,000,000,000 the US owes come from? No, I did not add any zeros.

Most of our wealth is in our homes, no?

Korea ain't interested in buying Lehman, and JPM has swallowed enough poison.

Another Leg Down for Financials Is Coming

Still buying? The prices are even better now.

Another Leg Down for Financials Is Coming

BoA 17 billion "supplemental mortgage insurance". LOL. They will collect that from whom, exactly?

WaMu and More: Uninsured Depositors Begging for Trouble

OK here's some more news. "Wall Street preferred subprime and no-doc loans because of the higher yield from securitization, so people who might otherwise qualify for a prime mortgage were told not to provide cocumentation". More riot inciting? No, just sworn testimony to Congress. Happy your 29 billion went to Bear Stearns' creditors?
So sorry if you can't face the truth. Just get your news from television you'll sleep ok.

WaMu and More: Uninsured Depositors Begging for Trouble

Hey, guess what. Two more banks failed quietly late friday (as always) Is this fear-mongering? No, just the facts.

Here's a little law: perfectly legal to shout fire in a crowded theater when the theater is on fire. In fact, in some situations you may have a duty.

My bank, now called TD Commerce, told me that my checking and savings accounts were each insured up to $100,000, which is a lie.

Here's another one: major US commercial and investment banks are carrying hundreds of $billions in assets on or off their balance sheets that may be worth much less than they have written. Think that's manipulation? Sue me and let them prove otherwise in court.

DISCLOSURE: I HAVE PUT OPTIONS ON MANY MAJOR FINANCIAL INSTITUTIONS BECAUSE I DON'T BELIEVE THEY ARE ADEQUATELY CAPITALIZED.