ralph schauss

Too Big to Fail Banks: Greenspan Says 'Break 'Em Up'. What Are the Chances?

Alan should enjoy his retirement and just shut up,
after all, he is one of the manin architects of the financial crisis along with regulators, the rating agencies, the SEC and hubris by financial firms chiefs,
I must wonder whether Alan's continous comments are intended to support his fee levels,
if I were Ben , I would be deeply grateful for Alan to keep quiet
fromLondon UK

Major Banks Now Much Too Big to Fail

a pretty shallow report - just good enough to play to populist galleries
there a re simply too many people writing gratuitous stuff
a more vigorous selection of quality would be much welcome
RS,London UK

Fed Finds a Way to Use Stress Tests to Screw Bank Shareholders One More Time

The FED exercise with the stress tests , supported by Tim G, has been a screwball affair all the time, Regulators constantly undertake stress tests, so what's new anyway ?, then goalposts are changed all the time , by the hour, the same day, newsleaks are being planted in papers to achieve " desired results", then the "change of hearts " from Tier 1 to Com Equity, there s no extra cash, just an eyewash, paper accounting, and only cash revenues absorb LL. Therefore this has been a public disgrace, the result is not more stability but rather more uncertainty, the last thing which we need. It will screw shareholders for the next five years, not Wall Street partners. As is the French saying " the mustard has been getting up my nose " since March 2009, cheers from London UK to a screw-up

Stress Tests, Leaks and Bank of America

the whole stress test circus since March and how it has been handled by the Gov (FED, Treasury et alli) has been a public disgrace and is dignant for the behaviour of a banana republic, LONDON UK

BofA's State of Denial

This whole stress- test business, under the leadership of the FED and the Treasury, is being played out in public like in a banana republic. The leaks to the press, by design or ineptitude, are truly flabbergasting. Last Monday 27th of April, there is a deliberate leak thru the WSJ to undermine Ken Lewis for WED 29th - pathetic ! Then estimates range from zero, to 60 to 70 to 100 billion and then back to USD 10 billion in new capital for BAC - all this being watched under the trustworthy eyes of the FED and the Treasury with no comment, no stop to a constant rampage of rumours . Here we are told by the Grandees of the FED and the Treasury , this is a highly serious, respectable and very confidential matter. But every new day there is a new leak, one day the Rupert Murdoch's WSJ, then the FT in London, then the NY Times - all this depicts a highly shambolic and chaotic management by the official Great and Good in Washington. Truly amazing, truly shocking for the the credibility of our public finance leaders. Sayonara to trust, credibility, and integrity

Why do Ben and Tim not award a campaign medal of honour to Kern Lewis for having dsaved the US financial system from total collapse by gracefully doing the salvage of ML and C wide without holding a gun to the Fed's Chair ???

Greetings from London UK by Ralph Schauss-
even the FSA, the Treasury and BoE are dioing a better publich information act which is not plyaed out in the SUN , UK's leading rag sheet.

The Long Case for Bank of America

Bac is a strong company, it has a great franchise, strong market position, the advantage of large scale effects, and a mature (not changing every year ) management which is savvy, aggresive and does exploit opporunities, this company has very successfully used and well executed buying opportunities, it will do very well in the long run, it has made great Investments in Banco Serfin(Santander)Mexic... when SAN was on the ropes( see 2002), Banco ITAU the undisputed leader in Brazil /Lat AM and China Construction Bank, C Wide looks risky with the housing crisis,but after unwisely spending S 2 bn in August of 2007 on C Wide, lawsuits by state DAs ( pathetic - just for vote getting= they do hurt their own voters who are employees of BofA and customers)
a comment on short selling, do not be fooled by WS and hedge funds, academics and some papers including the FT that this is a wonderful practice for market liquidity and to show the true values of companies, it is just is a ST action of parasites to make some people very rich at the expense of many, just plain greed to make a fast buck
RS London, UK

Target is Roadkill - Cramer's Stop Trading (7/28/08)

today's market slump based on IMF comments about the continued US housing crisis, what is the value added of such comments ?, see Bloomberg
the IMF since 1998 has had no value added , so we are paying for a bunch of highly paid ( tax -free ) bureaucrats, if they had any value they would not issue comments for the USD 1 trillion housing losses in their divine estimate, but rather it is a lot more challenging intellectually to offer solutions than to write about the past,
what is the value of the IMF for the USA= zero !
in a normal company , it is a lot more difficult to create revenues than to cut costs which is finite and easy

Three Stocks To Be Held To Infinity and Beyond

Do not forget that on JUly 21, 2007 the BAC stoke would have been $ 61.00 , since then US banks got hammered starting in Sept 2007. The basic argument for the three candidates has some merit.To make a bet on long term value, the company share in question needs some basic elements: 1) a real business base 2) relenvant market share 3) the advantage of scale 4) a good product or services franchise and a 5) a deep bench of experienced management - all of which is the case for BAC, GE and JJ
RALPH SCHAUSS, London,UK

Earnings Preview: Bank of America

RALPH SCHAUSS, LONDON

Earnings Preview: Bank of America

Moving C Wide's debt to a sub is a smart move, may be , at least not dumb. C wide would have gone bust without the BAC recovery. Thus , there is no reason to be a philantrophic organisation and I hope Ken Lewis has played hard ball before picking up a moribund organisation.
Citi to comment on BAC is kind of arrrogant if there analysts were that smart they should have told their executive management not to lose USD 30 billion or more with funds from the Mid East plugging the gaping holes
It is also kind of pathetic( "the mustard gets up my nose") for every DA's in State governments like Ca and Flroda to sue C-Wide which is like suing a corpse and feast on if BAC had not recued a carcass and the havoc it would have reaped on the US domestic Fin ancial System
there was not a hidden gold mine in C -W£ide but rather a Chapter VII