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U.S. Bank Shares: Pump Almost Over, Get Ready for the Dump [View article]
1. It is important to differentiate the Wall-Street "investment" banks from "regular" commercial banks.
-- The Wall-Street banks do NOT create any value for anybody except for their executives. Their activities were/are highly detrimental and toxic to US economy and political environments.
-- At the same time, "regular" commercial banks do place an important and beneficial role the economy.
2. Getting from under a "TARP umbrella" will indeed open more room for banks executives to raise their compensations. It is true. But, at the same time, it will allow commercial banks to operate with less government interference in their decision making process.
3. Finally, banks executives understand very well that the present euphoria about soon to be improve economy is just BS. The future course of US and world economy is highly unpredictable. Therefore, the presently available opportunity to raise cash should not be missed.
Stress Test Results Are Out - Leaks Were Right [View article]
Our government tells us that banks are solvent but they need another $600B for now.
Well, tomorrow will be another day with another request for another $600-750B.
The only question: how long will this fraud go on before even imbeciles realize they were screwed?