HBWOW

CIT Group: Taxpayers' Investment Is Virtually Worthless

Has the government and its many agencies sought to determine the
degree of fraud (pre bankruptcy insider/broder knowledge and sell off of positions, illegal loans, horrendous insider stock option dealings, unearned bonuses paid, etc, etc, etc? ? ? The TARP loan was only a temporary bandaid and time to allow the insiders/brokers to milk more of the cash out of the company. I know SEC, auditors, and other non responsible (make that irresponsible) agencies continue to work for Wall Street and not the stockholders, bond holders, and taxpayers, so there is no surprise with this blowup.

The Next Step in the Bank Implosion Cycle

Of the three banks listed compared to GS and JPM, the broker/bankers, the gamblers at GS and JPM reflect the highest (insanity) ratio of derivatives to total assets. Well Fargo looks like a real piker with the by far lowest ratio of 4.6 times. In any case, how do these "insider" CEO's sleep at night and how did they allow traditional banking practices to turn into high risk gambling casinos, of course with public and government money, not their own. Who reapes the profits and who gets screwed with the losses?? And nobody goes straight to jail??????

Time for Transparency and Accountability from Congress, The Fed and Major Banks

REAL transparency would lead to real investigations, real criminal/fraud charges, resulting in a slap on the hand and no recovery of ill gotten gains from the perpetrators. Then more of the same would continue, all thanks to the BOYZ. CLEAR!!!

Realize that (a few) SEC investigations of perpetrators have resulted in penalties/fine on the corporate, ie the stockholders again lose, instead of recovery from the perpetrators. JUSTICE???

Time to End the Ken Lewis Horror Show

Derivatives, unearned bonuses, unwarranted stock options, all too
much fraud BUT no punishment AS USUAL.

Wasted Lessons from AIG

Very scary but right on target. When did banks stop being banks and become gambling casinos?

As for your comments on AIG and BAC stock prices then and now, this is a strong testimonial on the power of GS.

Government run by Wall Street.

Highly Ambitious Bankers Should Steer Clear of BofA

Are you serious? Lewis is a major player in bringing about the economic meltdown in fall of 2008. Bonuses and compensation
MUST be tied to performance and profits. He is leaving with $70 million (you state) when he should be under in depth investigation for his part in the derivative and ML debacle. Most corporate insiders have long ignored the stockholders for their own greed and power. Unfortunately, the government, regulators, examiners, SEC, and mainly the crony directors have all been part of the problem.by looking the other way.

Capital Constrained: Some Banks Not Paying TARP Dividends

This reflects the careless and insufficient methods the government
used in their approval and granting of TARP monies. Typical of government actions in trying to run the auto industry, AIG, the Post Office, Fannie and Freddie, SEC, IRS, Medicare, and most certainly Congress and ALL other government agencies.

Derivatives Datapoint of the Day, OCC Statistics Edition

The banks are insane and unsafe.

Bank of America's Lewis Goes Packing

How can our "government" let Lewis walk (or run) away with his pockets full of our money. No prosecution, no payback of ill gotten
gains, no jail - white collar crime again goes unpunished ?????!!!!!!

Beware the Current Bull Market in Derivatives

THE CROOKS AND MANIPULATORS ARE STILL IN CHARGE.
THE FED, SEC, EXTERNAL AUDITORS AND BANK EXAMINERS
ALL STILL LOOK THE OTHER WAY. WHY IS IT THAT THE FED BUYS THE BAD BETS AND THE BANKS KEEP THE GOOD BETS
AND SHOW SUPER EARNINGS FROM WHICH TO PAY BIG BONUSES. WE ARE DOOMED.

Bank Reform: One Central Banker that Gets It?

EXCELLENT ARTICLE RIGHT ON TARGET. Unfortunately the BED that all these bankers, brokers, auditors, examiners, congressional committee and overseers, SEC, IRS, and now the Czars (what really do they do??), are laying (and lying) in will bring this great country
to total collapse.

SEC Charges BofA for Merrill Bonuses

SEC compounding fraud on top of the FED fraud on top B of A/Lewis's
fraud on top of Merrill fraud on top of Merrill insiders' fraud - get the full
picture. The insiders should be made to pay back these "bonuses"
(I thought bonuses were only paid from excessive profits not huge
orchestrated losses). The stockholders via stock losses and the general public via future taxes to pay back TARP get screwed AGAIN.
Is this all part of a plan??

Ending the Off-Balance Sheet Charade

What makes you think these new rules will stop the banks and broker/banks from continuing trades back and forth to achieve the
same results they have been playing before these rules? To correct the problem, the culprits that have created the meltdown/TARP should be removed from the banks/brokers and probably should be in jail for their unlawful actions. When the insiders took banking operations BEYOND regular banking activities, this is where the problems started and such irregular high risk activities (GAMBLING) need to be STOPPED.

Federal Judge Rakoff Slams SEC Complicity in the Bank of America Fraud Case

Once again, SEC under the control of the broker/bank insiders wants to penalize the shareholders for the wrong doing of the insiders. ENOUGH - ENOUGH !!! The public would be better off without SEC entirely. A recent USA News "suggests that SEC investigations to get tougher" but the article quotes Markopolos (a great man) that "The best thing that the SEC could use, in my opinion, is the pink slip." SEC Inspector General Kotz MAY also recommend several "tougher" procedures. WOW - WOW !!! THE MELTDOWN CULPRITS NEED TO BE IDENTIFIED, FIRED, RESTITUTION REQUIRED, POSSIBLE JAIL - - isn't it time the
shareholders get relief and respect for the faith in placing their
investments? The general public should not have to pay for the greed and sins of the insiders.

Annals of Pay Transparency, BofA Edition

MORE GREED FROM THE INSIDERS, haven't they already taken enough????