WM fremont investor

Dead Banks Must Be Allowed to Die

"The government should distribute equal numbers of shares to every adult US citizen...",
"...such that no individual can sell more than 20% in any year for the first 5 years".

And exactly how much(in $) do you think each individual adult US citizen would own this "bank" you dreamed about? 5 stock sales would cost >$50, that's for sure.

So you're either someone from these stock brokerage houses, or have no idea what you're talking about. And I am afraid you're the latter, so might as well stop the nonsense.

I do agree there're some irresponsible executives in the financial industry need to be punished, but let's not be distracting from saving the industry. The US financial industry and the high-tech industry is all left that US can be proud of. Without one(or both), US would be no different from Canada, or the Europes, who will soon be trumped by the emerging Asian countries, and becoming 3rd countries. Are you ready ...

Spotting Banks In Danger

to "user 125852" RE: Where do you find the last figures for non-performing assets, common equity and reserves?

biz.yahoo.com/bw/08041...

Spotting Banks In Danger

looks like Richard Dove is expecting the current non-performing assets to be $12.B(based on the 3.89% number), in that case, the 40.6% number is current(including the $7.2 new capital), which is close to the level 3 mos ago

Spotting Banks In Danger

Agree with "user 126359". Just checked the Q1 financial report - non-performing assets: $9.18B; total equity: $22.5B, thus the 40.6% number. Including the $7.2B capital raised recently, the # should be lower, although non-performing assets could rise too, but I would still expect the # to be <40%. Will see on the 22nd when Q2 is out