PainfullyAware

Where's the Outrage at the Banks?

Midwest,

There is no "Single Source" for Catastrophe; There are multiple "Contributing Factors".

Yes, generality covers it all but does not "Identify Alterable Metrics".

Money Knows No Political Boundaries. What Is "Said" Is More Important Than The Source; If It Is Validity Is More Than Just Association.

Beware taking information from only sources with vested interest in "Soothing Bad Metrics". The Presidents Working Group On Financial Markets Has "Functional Arms" With Great Influence. Goldman Sacs - Just so happens that most of the US Treasury's top personnel have ties to them - JP Morgan, Morgan Stanly, and the "Too Big To Fail" crowd would be worth your investigative time to see the connectivity. Throw in "Campaign Contributions" and the "Money Circles" become more apparent.

The More You Know The Less Certain You Will Become.

Debate Is The Distillation Of Reality.

Reality Will Be Reality Whether Believed In Or Not.


On Oct 25 01:34 PM Midwest wrote:

> No Sympathy has his facts skewed.
>
> The rant is more RNC talking points but it conveniently fails to
> embrace the harsh reality of the report created by the Bush Administration's
> "President's Working Group on Financial Markets" in 2007, which clearly
> and decidedly puts the blame of the mortgage meltdown on greed over
> laws supposedly "forcing" lenders to give money to the unqualified.
>
>
> Try to get beyond Newsmax and Fox before spewing more completely
> discounted "facts". Greed and horrifically bad government oversight
> allowed this to happen.
>
> www.mcclatchydc.com/25...
>
> Sincerely,
> One Mad As Hell Former Reagan Republican

Wall Street Breakfast: Must-Know News

"We are overwhelmed with greed, corruption, and hopium!" - eboworthen

Ahhh, The Stupor Of "Hopium". (He He He; Oh Dang !!!)

I have to agree with bbowen7 that Sheila Bair has actually showed some fortitude of recognition and attempts to warn. Bummer she is, by position, like the swimmer on the beach watching the incoming tidal wave from the low tide mark.

Higher "Fraud Rates" always happen when things become "Uncertain" and more scrutiny is paid to Enforcement. Law Suits and "Workouts" are starting to Balloon. If "Mark To Myth" is ever repealed we will have records within this stat.

Shadow Inventory: Conspiracy Theory or Real?

On Sep 02 10:48 AM User 463618 wrote:

> Since 90 day mortgage delinquencies have continued to increase every
> month this year, but foreclosures have not kept pace, it's clear
> that sooner or later most of these bad mortgages will find their
> way into the supply of housing. One reason banks have delayed foreclosing
> on bad mortgages is that they can continue to mark a mortgage at
> cost until they foreclose, when they realize the loss.


Very True.

... and not only do the banks have to "Recognize A Loss"; If they are not able to liquidate, they may surpass the "Regulated Limit" of "Real-estate Holdings" to remain qualified to be a Bank. Another Detriment ,that is kind of a double whammy, is that "Reserves Must Be Replenished" when accounting for the loss.

The Worst Is Yet To Come.

Shadow Inventory: Conspiracy Theory or Real?

Shadow Inventory Of Foreclosures Is A Reality That Is Not Published.

There Have been Many "Owners" that we have come across that were in a distressed situation and had been receiving "threatening Letters" from their lenders, but no action, for almost a year now..

There are many reasons that the banks have "Stayed Foreclosure" and most have to do with "The Magnitude" of the current "Economic Event"..

Reserve Issues, Losses Threatening Solvency, and Exceeding Bank Charter "Real Estate Holdings Allowed" are the main factors.

This issue has a Very Long Way To Go.

U.S. Profits from Bailed-Out Banks

On Sep 01 09:34 AM whisperonthewind wrote:

> PainfullyAware, the government doesn't make money, it takes money.
> It doesn't earn money because it doesn't work.

Things Have Become "A Bit More Grey" than your definitive "Government Does Not Make Money".

Congress Abdicated its responsibility for "Coining Money" To A Private Entity - The Federal Reserve - which does "Make Money";. Not for the benefit of the citizen but for the benefit of the "Club".

I agree that Government only leaches and does not "Provide Value With Recourse Or Reciprocity For Failure" In Regard To "Money Creation".

However, Fiat Monetary Policy and Fractional Reserve Banking DOES Create Money. (even If It Is Fictitious and Not Tied To Any Finite Quantity.)

U.S. Profits from Bailed-Out Banks

Government "Made Money" from the "Magic Money Fountain" of the fiat money system and the implementation of the "Shell Game" by its select TARP Banks.

4 billion to date => 4.1667 billion per year => Only 336 Years to Go Until TARP PAYBACK => Only 2880 Years To Go Until Pay Back on The 12 Trillion.

Yes the rate could increase but it is doubtful that it would by "Honest Business".

If This Is "Making Money", Then The Government Sucks At It.

SEC to Demand Loan Loss Clarity in MD&A Disclosure

The Deeper Into "La La Land" The Longer The Return To Reality.

The Idea Of "Accountability" Now Has Worse Implications Than It Would Have Had.

Citizens Reserves Have Been Used And Would Have Been Better Served Had This "Come To Jesus" Moment Occurred Earlier.

It Would Have Been Less Painful If Allowed To Play Out Without Robbing The Populous First.

The Momentum Will Be Much Greater And More "Dominoes" Will Be Effected.

Better Late Than Never.

Bank Asset Values a Lingering Problem

Fantasy Accounting and now "Governmental Garbagemen"(PPIP) => We Must Be Saved (Oh Dang, Not The Tax Payer).

The PPIP Program Irks Me In That Tax Payers Are Being "Put On The Hook" For 50% + Administrative Costs TOO PURCHASE STUFF NOBODY ELSE WANTS !!!

So the "Firms" Involved in this program are allowed to "Skim Fees" for "Managing" CRAP WE (The Tax Payer) PAYED TOO MUCH FOR !!!

Shuffle Them With Their Buddies (It Is A Small Market Of Less Than 20) => Tax Payer Will Cover The Losses.

I think if ;I had someone willing to "Make Me Whole Again" at someone else's expense => My Stock Would Rise As Well.

Are Financial Stocks Preparing for 'The Fall'?

"Its disconcerting that I had to reload/start over this page 3+ times because of advertising/popup/lies about the state of my machine." - Cabdriver

Good Information Usually Has More Predators Lurking Around It. I have been seeing much "Sign" in the comments of "Phishing".


On Aug 19 04:35 PM Cabdriver wrote:

> Its disconcerting that I had to reload/start over this page 3+ times
> because of advertising/popup/lies about the state of my machine.
> I just signed up yesterday, was refered to this article by updown.com,
> & some advertiser has to play games with me. I hope this doesn't
> continue lest I resign just as quick.
>
> Back to the article, interesting, but not one mention of the "Big"
> players; the Fed & that Prince [Aliweed I think, at$4 if memory
> serves, is still abuck below what he bought at the last time we went
> through this with the banking sector aka S&L "crisis"]. As a
> relative newbie to the market, I'll consider all the info provided
> in addition to the history. As for "cheerleaders", well those of
> us that are "retired" understand the motivations of fellow retirees,
> like the other banks [I'm looking at you PNC] there was a big opportunity
> to profit when "others were losing their heads", I welcome any time
> I can double my money either by folding it in half or siding with
> the Fed for a short term. Is "C" another, I'm too conservative &
> I don't think anyone has a handle yet on what the short term fixes
> will "yeild", though I am very curious how folks intend to "repair"
> Citi 1st before I'll focus on the charts/price/ect. If anyone has
> more info on the overhaul, I hope they bring it out into the open.

Are Financial Stocks Preparing for 'The Fall'?

"However, sometimes I do (honestly) wonder if many of you aren’t just pissed off at the world that you’ve missed this sustained rally and all you know how to do is complain and/or short the market." - Novice Trader


Not So Much "Pissed Off" As "Amazed" That "Accountability" Can Be So "Easily Discarded".

Should Have Figured On The "Rally". According To The "Corollary" Of The Last "Great Over Leveraging" We Have 2 to 3 More "Bounces" To Go Before Bottom.

Who Knows; Maybe "Fiat Reigns Supreme If No One Pays Attention".

Seems As If "Questions" Are Brewing. Landslides Move Slow At First.

Should the Fed Be Fat or Skinny?

Complexity Favors The Sinister.

Centralization Increases Complexity.

The Fed Would Not Exist If "Representatives" Had Not Been "Purchased" In 1913.

Another Interesting Corollary Of 1913 Is That It Is The Same Year That The House Of Representatives Became "Limited In Membership"; No Longer Based Upon Population.

Why Was Bank of America Settlement with the SEC Rejected?

If someone brings in (insert silly big number here) in profits from "Nefarious Action" but is unlucky enough to get caught thus having to "Pay" (insert silly small percentage here) in fines to "Make It Go Away" - Who Receives The Net Benefit And Is There Any "Incentive" to "Repent"?

You Go Judge Jed Rakoff - I Applaud Your Paladin Approach.

How to Trade When Government Controls Investment

James Bibbings - Well Thought Out Plausibility.

I would bet that many of the "Functional Arms Of The PPT" were the recipients of "Back Door Funds" as you postulate.

The Ruse Continues; Its End Remains To Be Seen.

Villainizing AIG's Edward Liddy May Have Cost Us Billions

We May Never Know How Deep The AIG Scam Runs.

The Magnitude Unveiled To The Public Is Abhorrent Enough For Dire Reciprocity.

Where Art Thou Justice; Bought And Paid For?

BofA Makes SEC Charges on False Statements Go Away in a Hurry

Down With Clowns !!!

If profits for nefarious action are greater than the fine - Who Truly Wins.