Tesa

Goldman Sachs' Latest Initiative: Business Plan or Charitable Donation?

Instead of an appology, the financial companies like Goldman should not be apposing and blocking new regulatory directives. The should not be constantly lobbying against working people, public insurance, unions and mimimum wage while they themselves bagged money through racketeering and bail outs.

How about that.

Big Banks: The Consensus Is Cracking

Its not just the bigger banks that are corrupt. There many small banks that issue credit cards with 30-75% annual interest rates too. The systematic problem with the financial industry is not related to their size. It is related to lack of regulation that contains their rackets.

Both small and large banks have incentives to scam the public and participate in increasing systematic risk because only high risk actions are very profitable.

High Frequency Trading: We Fear What We Do Not Understand

Combination of net capital available for investment and speed can and will drive the markets otherwise no single algorithm could extract cash from the markets so readily. The famed "velocity of money" works perfectly for those who also push market information to the markets. They upgrade, downgrade and trade it fast. Nothing beats that. The periods where the market information is supplied by those that they can not control is always preceded and followed by periods where they do so intensively.

Somebody has to lose for others to make a bundle and who will be the loser.

Bank Liabilities: Why the Discussion Isn't Explicit

It was not just one scheme. Many many schemes were use to extract cash from the public and their investments. The sub prime was designed specifically to extract cash from house buyers. And they are still scheming, they are hoping and are acquiring assets pennies to a dollar and they extract a huge profit from it as middle men. It never ends.


On Mar 07 11:26 AM Gold is Good

Bank Liabilities: Why the Discussion Isn't Explicit

Market can require to collapse the entire western civilization by that comment. The private capital and market could not save the market at the point of collapse. Only the social capital can save the markets at that junction.


On Mar 07 11:18 AM User 371607 wrote:

> These banks are insolvent because they were poorly managed or because
>
> The free market demands that poorly run companies go OUT OF BUSINESS

Bank Liabilities: Why the Discussion Isn't Explicit

mr freddo, AIG only bled 60 billion last quarter, that does not add up to something like a 130 trillion dollar default. Most of the speculative derivatives must have been hedged. Whether the xombie banks recover or not, the economy will recover.

Bank Liabilities: Why the Discussion Isn't Explicit

Its the opposite. The AAA ratings were designed to swindle the public and foreign banks to hold the bag of derivative losses designed by fraudsters running the US banking system.


On Mar 07 10:27 AM Jimmy Lathrop wrote:

> stupid derivative bets for
> the benefit foreign institutions and a select few banking institutions
> like GS. The discussion isn't explicit because we have a concept
> in economics called risk premium, meaning that writing derivatives
> or CDOs involve a certain amount of risk, and that risk was mispriced
>

Bank Liabilities: Why the Discussion Isn't Explicit

You have got it crossed to justify your rants, There is not enough "private" capital to save it. US government will not run out of cash . It can always print money and that is why the banks rely on it to hold their bags after swindling the public.


On Mar 07 09:33 AM The Geoffster wrote:

> Fitz919 is right on! The notional debt is larger than any possible
> gov't guarantee. Treasury and the FED are treading water hoping the
> system will right itself. Meanwhile, the crisis is tailor made for
> Obama's brand of socialism. The largest loss of wealth in history
> will be followed by the largest transfer of wealth in history.

Bank Liabilities: Why the Discussion Isn't Explicit

They may not recover in 10 years but 15 years they usually don't then in 20 years if they are hard assets. T

he housing market that collapsed "Lincoln Savings and Loan" in 1980s did eventually rebound and Keatings actually cashed on it by buying them at discount.

These assets should be separated an locked up in vault and held for 15 years and then be reevaluated for fair value.

On Mar 07 09:27 AM paul1307 wrote:

>. The mortgage was for $480K and the house was listed at $305K,
> and the bank owed two years back real estate taxes (which they would
> have had to pay off in the event of a sale). The house is now worth
> about $200K.
>
> When your portfolio goes down 50%, it then has to go up 100% for
> you to break even. Get it? Housing down 50% requires herculean growth

Bank Liabilities: Why the Discussion Isn't Explicit

What is the ring fence solution. Can anybody here describe it and is it viable.

Predatory Banking Practices Undermining the U.S. Consumer

Obviously the writer has a valid point, the over draft should be applied to actual case of overdraft and not be sorted or forged to produce extra undue income. I would say the case for mortgage insurance is along the same lines but only worse. From what I understand these insurances are termed in a manner which makes them extremely unlikely to be cash-able in any event in most states so they are not really a form of insurance but rather a source of income for the banks around the world.