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Wall Street Breakfast: Must-Know News

Where did all that asset go?
Did derivatives do that much damage?

Who Is Now Number One in the Banking Industry?

What have these Bank Presidents been smoking in the last 10 years? Don't the know, that what goes up must come down? I am so disappointed in them. These are our finest andf most trustworthy and they have been letting us Americans down. Charging interests that can not be sustained by the loan holders in case of a stick in the road. They are obligated to make sure, that the future will be good for such borrowers that do not understand the system as the should. Shame, shame. Now we are all in a fix.

Paulson and Bernanke: A Conspiracy of Dunces

The bottom up plan is the only one that makes sense. Some pencil to the paper could tell you. It would also reduce the voters' revolt who are mad as hell. The elected parties would fell safer and vote for it. The Banks could impliment the process but the Fed would provide the finances and the strict control. The toxic paper could simply be written down and the holders of these papers feel the pain.

More On Global Subprime Banking Fallout [Housing Tracker]

It is so frustrating how these colassal events are moving through the recent days and even the people that are talking about it do not understand. The media does have a great responsibility to make these events more clear, make them more understanding. Are the practices of working with derivatives so risky? How are "off book accounting" practices so toxic when the market forces do not comply with the anticipated.

How Much Have our Real Estate Assets Gone Down?

We have a house in FL, it was placed on the market for $250,000 in2004 and did not sell. From there on, prices listed went down to $172,000 for a similar house next door. It sold at that price. The reduction is 30%. Yep, the graph is right, at lest for this place (North of Tampa, Land O Lakes area)

Citibank - On Guard! - Cramer's Stop Trading! (9/12/08)

The folloing are companies that lost track of what they were doing. The priorities were not in line. They had lost "vision" and now seem to have found it, I hope. You can not always just go for the money, you have to have long range views (some call it gut feeling). This is what great CEO have and they are in high demand. So these companies (C, WFC, USB, BBT, F, GM » ) fall in that category and become the recommended stocks, btw Sears should also be in that.

Citibank - On Guard! - Cramer's Stop Trading! (9/12/08)

To Salorman, I may say that Sears is big and cumbersome. When the market (the economy gets slapped with $140 per barrel oil prices) gets scarred, stores like Sears who sell quality at a higher cost, they will be affected much more than a low price store with lower quality. I worked there as a consultant and can say that they were fair to the employees and as custumer, I have always been properly treaded.

Sentiment Overview: Stuck in Neutral

I have a gut feeling of similar proportion as outlined in the article. Life goes on but people are spending little extra. The economy is doing just so, not going forward or going backward. We have a small store and some items are needed and others are not, only the needed goods sell and very little of the better items sell.

CreditSights: Guardedly Optimistic About U.S. Loan Market

The housing industries is suffering from negative press and bank's high interest rates. Further, the banks are playing games with selling a dwelling short but not honoring the asking price; they postpone closing and letting the contract run out and the potential buyer, who had placed a bit in at asking price is forced to go look other places. I have seen it happening.

Solar Power Continues to Shine

Solar, Geo, Wind, Hydro, Atomic, Oil, and others, all these energy sources are important. Conservation and preservation and of these energies are also to be high on the scale.