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???

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.

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.

Bank of America Aiming to Become a More International Bank

BofA wants to become a larger "too big to fail" bank. The bank became too large with too many "quick to acquire smaller bank groups
but not quick to analyze", became too big to handle the business, then decided to push derivatives large scale - ALL VERY POORLY.
Mr. Lewis is inept in his position and certainly should not be considering the "more international is better" as the risk levels today
are far, far higher.

Why Did We Bail Out the Banks?

Right on target. What really bothers me is that there is still no
policing, regulating, examination, replacement of culprits who
created this mess, well paid as they were and are (not punished),
and government continues to assist, not cleanse; all to the detriment
of the public.

Where's the Derivatives Exposure?

Derivatives for the most part are very high risk gambles on non hard
assets and should not be part of any bank's balance sheet, on or off.
Any bank or investment house employee who seeks to deal in this form of high risk gambling using bank capital, bank borrowings, bank customer deposits should be treated as a criminal operating outside of the legitimate forms of their "regular" business. Our banks have placed our whole country and solvency in danger and the same people are still running these organizations. WHAT IS WRONG WITH THIS PICTURE? Where have the regulators, government agencies, auditors, and accountants been and what are they doing about this old and present problem? SEC does what for our public and country?

The BofA / Merrill Mess - A Misguided Mob Goes After the Wrong Guy

Mr. Lewis is responsible for the bank's dealings in high risk derivatives and he should have acted in the best interests of the BAC stockholders/depositors and passed on the Merrill Lynch "deal", first on the basis of finding out about previously undisclosed losses (M & A) and secondly finding out about the outrageous "performance bonuses" cooked up by ML management (white collar crime???).

He should be further investigated and dealt with based on the findings. These high flying insiders and their political buddies all
are to blame for the mess. It is so amazing that they deal verbally without documentation records so no one can be proven wrong/guilty, wow. WHAT EXAMPLES FOR THE FUTURE OF AMERICAN MANAGEMENT ETHICS/RESPONSIBILITIES CODES!

What's To Be Done About Citigroup?

I read article after article like this in which it is obvious that "top management" have questionable backgrounds and apparent direct involvement in the toxic derivative dealings, BUT no agency, SEC, the FED, CONGRESS, the BANK REGULATORS/EXAMINERS, FBI nor CLASS ACT STOCKHOLDER LITIGATION go after these highly paid manipulators/scam artists. The public, investment funds, stockholders, and voters should demand and get investigation and prosecution of the culprits who masterminded this whole debacle. Armed bank robbers are sought, caught, and prosecuted - - white collar culprits are talked about but then ignored.

Richard Shelby: One Man's View Of Regulators

SEC and the bank regulators might as well be eliminated on the bases of their present and past effectiveness and results. I would rate both with minus 10 out of a 1 to 10 rating. The Madoff deal is certainly a known example of SEC's fumbling. For what these agencies cost and what their "oversights" have cost, the public has gotten royally screwed. We hear NOTHING about the "independent" outside CPA firms who get paid handsomely (probably more for looking the other way than for the audit man hours spent). There should be a lot of lawsuits filed against these overseers/overlookers.