jack matalka

Banking Sector: Band-Aids Just Won't Do It

FDIC sued by Washington Mutual Inc. The holding enterprise of WMB that operated WAMU bank.The wrongful conveyance suit was filed on 3/20/2009 seeking relief of approximately 17 Billion dollars for their share holders. The suit was filed within the mandated 60 days wherein the FDIC declined a claim filed by WMI Inc.

Don't Believe the Lies: Ride the Bank Stocks Bull

I think the negative bloggers here missed the bottom of the financials. They must have missed shorting oil at 140 as well. Lost out on both sides
of the money making machine. The only thing left for them to do is wish, wish, wish. Soooooo if you are not in financials at yesterdays bottom, its still not too late, todays bottom is also good.
you don't need to BAD MOUTH the ones who are in it and laughing all the way to their WM, BAC, etc.

Five Stocks to Own Now that the Dow Has Bottomed

2arose
These are my personal observations as I stood in line at a WAMU
branch in California. I trust my eyes a lot more than the ramblings
of the experts, nevermind how many stars they pass out.
You might want to ask the 200,000+ Ca. state employees, that had their wages reduced to minimum wage, if we live in a "Golden State".

Five Stocks to Own Now that the Dow Has Bottomed

I don't know what state you been visiting. Here the lines are as long as ever. Most have checks in their hands suggesting deposits not withdrawals. I think Schulle is right on target. I don't trust the shorts arguments about the financials cause they painted themselves into the corner and can't get out. Just take a look at WM revenue for the quarter 20B on a solid portfolio of 176B that better than 10%. The one time write offs are book entries and not actual losses. They are set aside incase they have losses. This money still earns them revenue where its at.

Banking Sector: Band-Aids Just Won't Do It

MW actually pocketed 9.64 dollars a share in profits this past quarter.
due to a one time writeof which is not really a write of Just changing the location of the cash from one account to another account for the incase arguement. The incase argument says that if we have to write of the bad loans we can do it without having to spend any money to write off the loans. Which again means we can juggle the accounts. Which means we'll be able to foreclose and turn the forclosed property to our sell dept which will sell it at a profit/loss and recover most of our money through the sale and later show big profits since the whole thing was written off earlier and now the new money is all profits. Okay what does all mean. It means that soon they will run out of bad loans to foreclose on and
the people who stayed with the stock all 85%(institutions) will end up laughing all the way to the bank(WM) to deposit their big huge profits. While the cry babies will cry all the way to sleep. The shorts whether naked or dressed will recover some of their capitol but not all since there isn't enough shares to buy back out there.

As WaMu, Wachovia Ready Earnings, Comparisons to Wells, USB Are Telling

Guilt by association is the theme in this article. No supporting facts.
WB and WM moved up the past week due to the big banks reports and they will suffer because of anticipated write downs by WB. Not a single fact about WM except the mentioned of it with either BA or WB by association and implication. This article is no different than the stuff written by the naked shorters when rumors flew.
This is another form of this sham. Guilt by association. bad, yes. as bad as you imply, NO.