commoinsense1211

Volcker's Wake Up Call: Spread the Word

hmmm, all democrats, biased much? do you honestly believe there are no republicans worthy of a prison term? amazing


On Dec 16 04:38 PM Econ 101 wrote:

> The only thing tht will stop the thieft of billions of dollars from
> the average citizen is a collapse of these TBTF banks. I propose
> that the fastest and easyest is to indict the criminals responsible
> using the RICO statutes specfically designed for organized crime.
>
>
> Start with the congress (Frank, Dodd, Pelosi, Rangel) and work your
> way up to the bankers.

Analyzing the U.S.'s Four Largest Banks

barring another real estate buble or clean energy buble do you really think these banks will ever be "over-reserved" ?


On Nov 09 10:20 AM Tack wrote:

> The $136B in reserves is a huge wildcard in the equation. Contrary
> to making it difficult to make profits, the reserves, themselves,
> represent the greatest source of potential future earnings.
>
> Assuming the economy continues to improve, at some point it will
> become apparent that the companies are over-reserved, and when that
> happens, reserve reversals will have a far greater impact on earnings
> than other invested capital. This is because when reserves are released,
> the capital, itself, passes back through the income statement in
> addition to being freed up for other more risk-based investments.
>
>
> So, the reserves, themselves, represent potential pure profit, and
> not just an increase in available capital.

Is Too Big to Fail Now Too Big to Exist?

amen brother...

Bank of America's Gain Is Taxpayers' Loss

I voted for Obama but you are wrong. There needed to be some intevention with the backs when the crisis began but were headed back to where we started or even worse. Some executives should not only pay with their jobs but should be investigated and the too big to fail banks should be broken up.


On Sep 24 09:30 AM HChang wrote:

> Seems that some americans like to complain, no matter what. They
> complained about Obama helping the banks (while missing the big
> picture that if that was not done, it will lead to a global disaster),
> now they complained about BAC. I see the whole issue differently:
> Obama has done a great job by avoiding a global crisis while making
> some nice money along the way for americans. They need to learn to
> be grateful and thankful to this great president. I'm not an american
> and Obama's reputation overseas had soared because of his wisdom.
> If it was Bush, good luck to America. He will spend all the money
> on starting a war, somewhere, with zero returns and many american
> killed. I'm also not politician, I just want to speak what many overseas
> countries think about your current president. He's under a lot of
> stress trying to rescue your country but had been criticised endlessly.
> What a mockery.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

oh please, these banks that are paying back tarp are still holding millions if not billions of bad debt that they've hiddne under revised fasb rules. how can you possibly defend any of these criminals?


On Aug 05 09:19 AM newfietom wrote:

> So glad to see other comments saying what I was thinking. Get your
> facts straight before you demonize the banks who were FORCED to take
> TARP and who have paid it back WITH INTEREST as fast as they could.
> They're taking the heat for a lot of what the Fed and Treasury permitted
> with bad polict and deregulation. As someone else said, post your
> BS somewhere else where less-knowledgeable people will believe your
> line.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

liberal crap? Geitner and the fed are promoting financial socialism and you call this liberal crap? is the "investment community" going to bail out golman, citi et al when the f up the next time?


On Aug 05 06:55 AM eagle01240 wrote:

> Start posting this liberal crap on political sites rather than investor
> ones. Your analysis would doom this economy and banking system quickly.

Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable

so the doom a gloomers should do what? convince their friends a relatives to a buy a house that is still 10-50% overvalued? Reverse trickle down economics? I dont think so

On Jun 23 09:23 AM Milkweed wrote:

> To the people who suggest that borrowers will be waiting for resets
> to walk away I say, the creditworthy ones are refinancing and most
> of the rest have bailed already as the writing has been on the wall
> for a couple of years now. Why bother paying anything if you know
> you are going to walk eventually? IMHO the coming resets will be
> mostly a non event.
>
> JasonC excellent post, I 'm getting a little tired of the doom and
> gloom crowd IMHO trying to create some self fulfilling prophecies
> by scaring people into stuffing cash under their mattress and planting
> ideas like walking away from your mortgage if you owe more than you
> paid. I have no problem with constructive criticism of the economy
> but IMHO many of the doom and gloom crowd are more interested in
> I told you so than helping the economy recover. The author of this
> article strikes me as in that camp.

Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable

why do you think people will stop losing their jobs? because the monthly job loss number is less than last month. that was a minor blip and there will still be net job losses and assuming when that levels off (not rising) it's foolish to think that people will feel comfortable enough to actually buy a house

On Jun 22 02:56 PM Milkweed wrote:

> I suggest you take reading comprehension lessons tipalia I did not
> argue we are at a bottom in housing, in fact I acknowledge the job
> market is going to be a drag on housing. The author of the article
> is suggesting however that there is a mass of homeowners out there
> that three years into the housing downturn are just now discovering
> that their houses are worth less than they paid for them and are
> going to be walking away from their house based solely on it's "current"
> market value in the near future. My argument is that shoe has already
> dropped.
>
> The housing market will bottom when people stop losing their jobs
> which should be coming in the not too distant future.

A Bull Market That Few Are Buying

I believe that the previous admin was for the most part responsible for this mess. The "ownership society" was incredibly stupid. I also believe that Mr clinto also let the horse out of the barn with dergulation in the late 90's and that the current administration is sadly not doing the right things by llistening to Geitner and summers. They should have let the "to big to fail" banks fail and let the responsible banks mop up the mess. If TARP or others were to be spent they should have gone to the more responsible banks and to help borrowers in trouble.



On May 10 09:45 PM FWallace wrote:

> LillyM
>
> Just what are you smoking or are you just stupid?
>
> Do you really believe that our current President is the source of
> our problems today? I'm sorry but please get a clue... this mess
> was created and therefore started several years ago, in fact why
> not blame our previous adminstration for the problems we're facing
> now... and praise our current adminstrations for their efforts and
> the challanges they are forced to deal with to help get us out of
> this fiasco.

A Bull Market That Few Are Buying

I am (was?) an obama supporter and while he was not responsible for the mess we are in he's not the solution either. he needs to take a very hard stand against the banks and their executives. these peope should be out in the streets if not in prison. What's been done to date regarding quantitative easing is bs. break up the big banks and sell off the pieces.


On May 10 09:45 PM FWallace wrote:

> LillyM
>
> Just what are you smoking or are you just stupid?
>
> Do you really believe that our current President is the source of
> our problems today? I'm sorry but please get a clue... this mess
> was created and therefore started several years ago, in fact why
> not blame our previous adminstration for the problems we're facing
> now... and praise our current adminstrations for their efforts and
> the challanges they are forced to deal with to help get us out of
> this fiasco.

A Summary of Q1 Bank Earnings: World, You Just Got Hustled

so stop reading it...


On May 10 02:19 PM jacob1 wrote:

> It's Sunday again, and that means another 5 or 6 ultra negative,
> ultra-short inspired headlines by Seeking Alpha. It's become so
> obvious already, that even my 14-year old niece sees and understands
> the same. What a transparent sham Seeking Alpha has become. I hope
> it quietly goes away -and soon.