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  • Consumer Loan Growth at 10%  [View article]
    It would be nice to know exactly where the uptick in consumer loans is exactly coming from, instead of just assuming it is all credit cards. It seems to me something significant is happening in banking these days. The shadow banking (secondary market) has all but dried up. Could it be the consumer is now going to the banks more for car loans and other essential lending. I have two home equity lines (unused) and no one has put any restrictions on them. No restrictions on credit cards either, though I pay them off monthly.

    It would be interesting for Dr. Perry to dig a bit further into the numbers of where this uptick is exactly coming from. The early 80's recession featured high inflation and high interest rates for consumers and businesses. Further examination would be enlightening.
    Feb 22 21:33 pm |Rating: +2 0 |Link to Comment
  • Worst First Month for a President Since Ford [View article]
    The numbers don't lie. This new president needs to get out of campaign mode and into leadership mode, as well as his Treasury Secretary. The nation and the markets are watching probably more than ever.

    To laughtrack, didn't the Dems have control of Congress the last 2 years? The backlash will be horrific if they don't get something positively done by next year. We are all hoping for the best.
    Feb 22 21:05 pm |Rating: 0 0 |Link to Comment
  • Allied Irish Banks: With 9% Dividend, This Bank Could Thrive [View article]
    Mr. Daly ... Well done and thoughtful analysis covering all bases. The local knowledge information was very interesting. I have been adding to my position in AIB for many of the reasons stated. No one knows how hard the Irish economy will be hit in the end, but AIB seems to be a good haven to deploy some capital at depressed values and collect a generous dividend while waiting the recovery out.

    I do not believe it is fair to compare WB with AIB in any fashion. The two banks have completely different structures and non comparable situations to this point. WB paid a hefty premium for both Golden West (a sub-prime originator) and A. G. Edwards. Neither of these 100% stakes can be sold or spun off for anywhere near what they are into them for. WB needs some great effort to repair their balance sheet. AIB does not need to do this, thus far, and, are well positioned to do, so if needed.

    Mr. McCulley
    Sep 01 22:18 pm |Rating: 0 0 |Link to Comment
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