infp

The Rise and Rise of Jamie Dimon

So the only way to rescue the country from another Great Depression was to ensure that the banks that had caused the crisis would become wealthier and more powerful?

A Portrait of the Mortgage Ax, Not Falling

What a great scam for the delinquent home owner. By all means let's bail people like this out along with the banksters of Wall Street. After all, they were simply victims of their own greed.

Antitrust for Banks?

Hasn't the ship already sailed on this issue? Unfortunately, too much government money has already been spent propping up these large banks to break them up now. Instead, Washington will probably give us anti-trust rhetoric with very little action.

Credit Default Swaps May Be Playing a Supporting Role in Chrysler Bankruptcy Filings

The Barry O comment was tacky. However, I do agree that with Summers as his chief financial adviser all the moves of the Obama administration will be to protect Wall Street at the expense of the nation.

Financials' Better-Than-Expected Earnings: Real or Fake?

And yet the bank stocks have resumed their march higher today. I guess having Uncle Sam in your back pocket trumps a lot of bad assets.

Big Banks Are Buying Mortgages: A Good Thing?

The banks can do anything because they know that the Obama administration will bail them out with taxpayer money if anything goes wrong. TARP led to PPIP which will lead to PPIP II. Apparently, trickle down economics never has to end.

Derivatives: Gambling at Public Expense

Bullish stock analysts who proclaim "the worst is over, financial stocks and the market are going up," never explain how exactly the derivatives debacle has been suddenly resolved. I can only infer that they believe that as long as the government agrees to take over most of the derivatives liability through TARP/PPIP type programs that the problem will simply fade away. I suspect that the derivatives debt is simply too large to be solved in this manner so I remain bearish.

PPIP Watch: Banks as Bidders and Sellers...Hmm, Remember Enron?

When exactly will the PPIP buying/selling of toxic assets begin?

How Much Risk Is the Treasury Really Assuming from Financial Institutions? (Part 2)

That the US government has chosen to condone the vast criminality of the CDS market by bailing out all its major conspirators is a shocking indictment of our democracy.

Which Banks Are Holding Those 'Hard-to-Value' Assets?

I can't understand why we are asked to bail out huge financial institutions with government money while we are guessing at how much "hard to value" assets they hold. Is there really no transparency?

Number of U.S. Homes With Negative Equity Is Stunning

Home purchases should be treated like any other investment; sometimes you win and sometimes you lose. Allow foreclosures to proceed and let the housing market correct itself.