1worldcurrency

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.

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?

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

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.

AIG Bonuses Are Just the Tip of the Iceberg

165 million in bonuses.
12,900 million direct to Goldman Sachs, who paid bigger bonuses.

Nationalizing Bank Losses

Here's a solution: Charter a new bank or banks. Capitalize, with strict regulation, like a utility. You can't tell me there aren't thousands of unemployed who would accept a regulated salary who couldn't do a decent job of lending according to a transparent, public formula with limited discretion. Existing banks are free to keep gambling for profits.

Gingerly Wading Back into Financials

I guess you're holding. Maybe you'll luck out with a short squeeze. Or maybe a few more hundred billion in free taxpayer money.
I think not.

Gingerly Wading Back into Financials

What idiotic corporations pay hundreds of millions in bonuses only to lose billions the very next year?

88,000,000,000,000 trillion. Those are the US Treasury numbers on JPM's derivatives. I don't trust them. I'll bet you it's more.

Gingerly Wading Back into Financials

Are you saying sell now?
I want an answer by 9:30. I am up 400 % on the year. Despite a trillion in bailouts which no one could predict.

This is not doom and gloom. There is no reason a bank stock should pay a dividend. Anyone can become a bank over night, as we have seen. Their only job is to make money by lending carefully. And they suck at it.

Gingerly Wading Back into Financials

88 trillion in derivatives for JPM.
Wake up already.

Contemplating the Demise of Bank of America, Citi and JPMorgan

Where's that shill Tom Brown?
I told
you
so.

Year-End Buyouts: Big Challenges for the Big Banks

And why should you invest in companies that have lost money? These are not companies that burn cash in an attempt to come up with a cancer cure or solar-electric car. Their only business is to make money, which they stink at. The only reason they can pay dividends is they get hundreds of billions in TARP and Fed money.