Mortgage defaults will continue to go up. Isn't this the root of all our problems?
Someone help me out here. If the mortgage defaults keep going up, how can the banks only need $75 billion to stave off an additional $4 to $7 trillion of mortgage, credit card, auto loan, commercial real estate bad debt???
Still no clarity! What are the existing toxic assests negative value for each institution? What negative value are the credit default swaps for each institution.
I figure with these already on the books and 4 million new mortgage defaults coming down the road, it will only take another $4 to $5 trillion to bail them all out!!!
Add in some credit card defaults, auto loan defaults and lets not forget the tsunami of commercial real estate defaults, it will only cost Obama and boys another $10 trillion.
Hey, does the Treasury have enough paper to print this up? I offered to put a printing press in my garage to help them out.
5 Reasons Bank Shareholders Will Take a Hit [View article]
Well folks, I agree with almost all of you. The financials do not offer any clarity to an investor.
Existing toxic assets, voo doo accounting to cover up the doo doo numbers, credit default swaps, a tsunami of increasing defaults of mortgages / credit cards / auto loans / commercial real estate.......as unemployment increases and approaches 7 million full time and who knows how many part-time?????
GM, GE, BoA, C, are all gonna be in the same boat and Uncle Obama is gonna try and hurt the bad people with money who invested in these companies.
The laws of bancruptcy protect the bond holder. There is no way a court will not uphold the rules and law of bancruptcy to protect the unions or anybody else.
The Worst Case Scenario (Someone Has to Say It) [View article]
Interesting way of looking at things. I have to agree with him quite a bit though because "THE SKY IS FALLING"!!
The financials are terrible with no clarity, voo doo accounting practices, rising mortgage/credit card/auto payment defaults, existing toxic assets, existing credit default swaps, commercial real estate defaults..........
Unemployment rising causing more of the above problems. Consumers no longer consuming because 10 million people not including part time unemployed, don't have jobs, money, cars, homes!!!
Our government lying to us about economic conditions, indicators, stress test, just about everything.
Printing more money, growing government bigger and bigger, creating more entitlement programs, spending like there is no tomorrow..........
The reality folks, we have the biggest screwing coming down on us in the next six months that we can imagine.
Bernanke Upbeat for Turnaround, But He's Said This Before [View article]
BANKS FAIL, BERNANKE GAVE WRONG TEST! MARKET CRASHES TO 5500 AND TAKES EVERYONE WITH IT!!!!
Ooops, did I really say that, you bet.
These banks are in big trouble. The only thing missing for any investor is clarity.
1. What is the negative value of those toxic assets? 2. What is the negative value of their credit default swaps? 3. How many more mortgage defaults will there be when 8 to 10 million people are out of work? 4. What impact will credit card defaults impact the banks? 5. What impact will auto payment defaults impact the banks? 6. What impact will commercial real estate defaults impact the banks?
Who actually knows what the real story besides the banks and the Obama administration.
NO ONE, and that's why I would be an IDIOT to own any financial stock.
Bernanke: Economy Will Turn Up This Year [View article]
WHAT A BUNCH OF CRAP!!!!!!
The Washington BOYS are lying through their teeth to protect themselves and keep the market from crashing because of the weak financials.
Here it is one more time, THIS IS THE CAVEAT:
1. Existing toxic assets and their true negative value. 2. Credit default swaps these institutions own and their negative value. 3. Government instituted VOO DOO accounting practices to cover up the DOO DOO numbers. 4. Blatant lack of clarity for any stock holder or market analyst. 5. Commercial real estate defaults coming at tsunami proportions. 6. Like wise for consumer credit card defaults. Watch GE go down to nothing because of all their second tier credit lending. 7. Auto loan and auto lease defaults for the bank. 8. Increasing unemployment numbers which will increase mortgage defaults.......... 9. Auto industry layoffs, probably about 200,000 which will spiral all the above mentioned. 10. Total lack of consumer spending! Good bye retail sales. 11. Housing sales suck! First time buyers don't have 20% to put down and if you own a home and want to move up, you cannot sell your house. Additionally, the big 3% increase in home sales was not new homes but foreclosed properties bought at a bargain. 12. The daily closing of small and medium sized business and their loan and real estate defaults.
I could go on and on but I think you get the picture.
CAVEAT - THE FINANCIAL MARKETS WILL CRASH BECAUSE WE ARE PLAYING HIDE THE SALAMI WITH YOU AND LYING ABOUT HOW BAD THEY REALLY ARE. WHEN THEY BEGIN TO FAIL WE WILL JUST TELL YOU THAT WE DIDN'T PLAN FOR THIS SITUATION : ) AND WE DIDN'T SEE IT COMING!!!!!
Citi Needs Up to $10 Billion in New Capital [View article]
Folks, this is the type of guy that our government loves. He doesn't care about reality, he just cares about fair.
Let me tell you about fair buddy.
Your government has done the following: 1. Voo doo accounting so we don't know the extent of the toxic assets on the books of these banks. 2. Total lack of clarity about their financial situations. 3. Projected mortgage defaults. 4. Projected credit card defaults. 5. Projected auto loan and auto lease defaults. 6. What type of credit default swaps these banks own. 7. What is this stress test??? What does it really mean??
I don't know about anybody else here, but I am scared SH*TLESS about the health of this industry and the trillions it will really take to stabilize it.
On May 03 12:57 PM LivingFractal wrote:
> How about an article that's neutral? This one is dripping with bias. > > > How about some scenario models? Ex: > > - Citigroup is required to raise $10Bln, but this does not include > the preferred stock conversion. > > - Citigroup is required to raise $10Bln, including the maximum preferred > stock conversion. > > - Citigroup is required to raise nothing, and no stock conversion > is required. > > - Citigroup is required to raise between 0 and $10Bln, without conversion. > > > - Citigroup has $500 million more than they need, and no conversion > is necessary. > > This article, written by someone with over a thousand sheep, er, > I mean followers, is nothing more than a biased reprint of a chosen > article written buy something who can't name their sources and whose > writing is sub-par at best.
You can bet that our government is now going to sugar coat everything so they can save Wallstreet.
The reality is we still have the existing toxic assets, continued unemployment will creat more mortgage loan defaults, more credit card defaults, more auto loan and auto lease defaults. Commercial real estate is about to enter the collapse zone. Government approved voo doo accounting practices to make the doo doo look good! TOTAL LACK OF CLARITY IN THE ENTIRE FINANCIAL INDUSTRY - hey everything is gonna be alright!
Folks, our own government is gonna take you down hard. VERY HARD!
Stress Test Leaks: Endgame Emerging [View article]
OK FOLKS, LETS REVIEW THE FACTS OR LACK OF FOR THE FINANCIALS AND THINGS IN GENERAL:
1. Existing toxic assets on the books. 2. Existing credit default swaps on the books. 3. Total lack of clarity for the toxic assets due to approved governmental voo doo accounting for the banks. 4. Increasing unemployment that will: a. Increase the number of bad mortgage defaults. b. Increase the number of bad credit card defaults. c. Increase the number of bad auto loans and auto leases. 5. The tsunami of defaults coming down the financial district in bad commercial real estate loan defaults. 6. The tsunami of bad loans by GE Capitol that will bury GE. 7. The continued closings of small and medium businesses and their loan defaults on the banks. 8. Whatever happened to Fannie Mae and Freddie Mac - still in big trouble as unemployment increases. 9. OH, is AIG out of trouble yet?? I think not and either are all the major insurance companies. 10. Uncle Obama is printing money faster than I can count to 8 Trillion. 11. Our consumer nation is not consuming anything. 12. What happened to the auto industry? There goes another 200,000 jobs and all the collateral that goes with it!!!!! Any real shock on the markets?? 13. Our government is outright lying to us about our economy and will surely do so with the lack of STRESS TESTS. Do BAC and C need $10 Billion or $70 billion?? With all the cover up accounting and lack of information do you and I really know??? I figure they must be if they let the banks look good so we don't panic!! 14. House sales are up 3%, OH BOY! But these are not the sales of new homes. If you are a first time buyer, there is no way that these people have 20% down to buy a house. If you would like to move up, unfortunately you can't sell your house to do that. So what is the big deal with a 3% increase in home sales? Additionally, most of the big home builders used the Chinese drywall from 2005 to the present. Imagine the 10's of thousands of class action law suites that will put these companies into bankruptucy over the drywall!!!! Imagine if people walk away from their houses and just let the banks have the Chinese drywally houses if there is no other recourse!! WOW WHAT A GREAT HOUSING MARKET!!! 15. LESS BAD IS GREAT. I want whatever the market morons are smoking to understand how things are so great now.
No offense folks, if only a few of these things make any sense, we are in for some major trouble. The Fed. cannot print enough money to save us. All cannot be as rosy as they would like us to believe.
Book Review: Jeff Immelt and the New GE Way, by David Magee [View article]
GE is not going to be around much longer with thanks to GE Capitol. The finance division is going to bring the whole company down with its mortgages, second tier lending practices and credit card payment defaults.
Credit payment were down 20% for the first quarter, just wait till the 2nd and 3rd quarters. GE will look like the banks!!!
Jack Welch will go from champ to chump for building this ticking time bomb.
Jobless Rate to 8.9%, Though Jobs Fall Less [View article]
There are another 500,000 that are going to default on their mortgages, not pay their credit card bills, default on their car loans....
They won't be going out and spending money on anything but food and whatever they HAVE to have.
Someone please tell me why things are so great when I see the bottom falling out of the market.
Ever More Unemployment [View article]
Mortgage defaults will continue to go up. Isn't this the root of all our problems?
Someone help me out here. If the mortgage defaults keep going up, how can the banks only need $75 billion to stave off an additional $4 to $7 trillion of mortgage, credit card, auto loan, commercial real estate bad debt???
Someone explain it to me please!!!!
Bank Stress Test: The Cheat Sheet [View article]
I figure with these already on the books and 4 million new mortgage defaults coming down the road, it will only take another $4 to $5 trillion to bail them all out!!!
Add in some credit card defaults, auto loan defaults and lets not forget the tsunami of commercial real estate defaults, it will only cost Obama and boys another $10 trillion.
Hey, does the Treasury have enough paper to print this up? I offered to put a printing press in my garage to help them out.
General Motors Shareholders: Poof! [View article]
THE REALITY, THEY CAN SCREW EVERYBODY BUT GM AND CHRYSLER WILL GONE IN THREE YEARS ANYWAYS.
5 Reasons Bank Shareholders Will Take a Hit [View article]
Existing toxic assets, voo doo accounting to cover up the doo doo numbers, credit default swaps, a tsunami of increasing defaults of mortgages / credit cards / auto loans / commercial real estate.......as unemployment increases and approaches 7 million full time and who knows how many part-time?????
Better watch out " THE SKY IS FALLING "
The Day the Capital Structure Died [View article]
The laws of bancruptcy protect the bond holder. There is no way a court will not uphold the rules and law of bancruptcy to protect the unions or anybody else.
The Worst Case Scenario (Someone Has to Say It) [View article]
The financials are terrible with no clarity, voo doo accounting practices, rising mortgage/credit card/auto payment defaults, existing toxic assets, existing credit default swaps, commercial real estate defaults..........
Unemployment rising causing more of the above problems. Consumers no longer consuming because 10 million people not including part time unemployed, don't have jobs, money, cars, homes!!!
Our government lying to us about economic conditions, indicators, stress test, just about everything.
Printing more money, growing government bigger and bigger, creating more entitlement programs, spending like there is no tomorrow..........
The reality folks, we have the biggest screwing coming down on us in the next six months that we can imagine.
Get ready, "THE SKY IS FALLING"
Bernanke Upbeat for Turnaround, But He's Said This Before [View article]
Ooops, did I really say that, you bet.
These banks are in big trouble. The only thing missing for any investor is clarity.
1. What is the negative value of those toxic assets?
2. What is the negative value of their credit default swaps?
3. How many more mortgage defaults will there be when 8 to 10 million people are out of work?
4. What impact will credit card defaults impact the banks?
5. What impact will auto payment defaults impact the banks?
6. What impact will commercial real estate defaults impact the banks?
Who actually knows what the real story besides the banks and the Obama administration.
NO ONE, and that's why I would be an IDIOT to own any financial stock.
Bernanke: Economy Will Turn Up This Year [View article]
The Washington BOYS are lying through their teeth to protect themselves and keep the market from crashing because of the weak financials.
Here it is one more time, THIS IS THE CAVEAT:
1. Existing toxic assets and their true negative value.
2. Credit default swaps these institutions own and their negative value.
3. Government instituted VOO DOO accounting practices to cover up the DOO DOO numbers.
4. Blatant lack of clarity for any stock holder or market analyst.
5. Commercial real estate defaults coming at tsunami proportions.
6. Like wise for consumer credit card defaults. Watch GE go down to nothing because of all their second tier credit lending.
7. Auto loan and auto lease defaults for the bank.
8. Increasing unemployment numbers which will increase mortgage defaults..........
9. Auto industry layoffs, probably about 200,000 which will spiral all the above mentioned.
10. Total lack of consumer spending! Good bye retail sales.
11. Housing sales suck! First time buyers don't have 20% to put down and if you own a home and want to move up, you cannot sell your house. Additionally, the big 3% increase in home sales was not new homes but foreclosed properties bought at a bargain.
12. The daily closing of small and medium sized business and their loan and real estate defaults.
I could go on and on but I think you get the picture.
CAVEAT - THE FINANCIAL MARKETS WILL CRASH BECAUSE WE ARE PLAYING HIDE THE SALAMI WITH YOU AND LYING ABOUT HOW BAD THEY REALLY ARE. WHEN THEY BEGIN TO FAIL WE WILL JUST TELL YOU THAT WE DIDN'T PLAN FOR THIS SITUATION : ) AND WE DIDN'T SEE IT COMING!!!!!
WON'T THAT BE REFRESHING FOR OUR BULL FANS!!
Tuesday Outlook: Commodities, Global Markets [View article]
Citi Needs Up to $10 Billion in New Capital [View article]
Let me tell you about fair buddy.
Your government has done the following:
1. Voo doo accounting so we don't know the extent of the toxic assets on the books of these banks.
2. Total lack of clarity about their financial situations.
3. Projected mortgage defaults.
4. Projected credit card defaults.
5. Projected auto loan and auto lease defaults.
6. What type of credit default swaps these banks own.
7. What is this stress test??? What does it really mean??
I don't know about anybody else here, but I am scared SH*TLESS about the health of this industry and the trillions it will really take to stabilize it.
On May 03 12:57 PM LivingFractal wrote:
> How about an article that's neutral? This one is dripping with bias.
>
>
> How about some scenario models? Ex:
>
> - Citigroup is required to raise $10Bln, but this does not include
> the preferred stock conversion.
>
> - Citigroup is required to raise $10Bln, including the maximum preferred
> stock conversion.
>
> - Citigroup is required to raise nothing, and no stock conversion
> is required.
>
> - Citigroup is required to raise between 0 and $10Bln, without conversion.
>
>
> - Citigroup has $500 million more than they need, and no conversion
> is necessary.
>
> This article, written by someone with over a thousand sheep, er,
> I mean followers, is nothing more than a biased reprint of a chosen
> article written buy something who can't name their sources and whose
> writing is sub-par at best.
Reading the Stress-Test Leaks [View article]
The reality is we still have the existing toxic assets, continued unemployment will creat more mortgage loan defaults, more credit card defaults, more auto loan and auto lease defaults. Commercial real estate is about to enter the collapse zone. Government approved voo doo accounting practices to make the doo doo look good! TOTAL LACK OF CLARITY IN THE ENTIRE FINANCIAL INDUSTRY - hey everything is gonna be alright!
Folks, our own government is gonna take you down hard. VERY HARD!
Stress Test Leaks: Endgame Emerging [View article]
1. Existing toxic assets on the books.
2. Existing credit default swaps on the books.
3. Total lack of clarity for the toxic assets due to approved governmental voo doo accounting for the banks.
4. Increasing unemployment that will:
a. Increase the number of bad mortgage defaults.
b. Increase the number of bad credit card defaults.
c. Increase the number of bad auto loans and auto leases.
5. The tsunami of defaults coming down the financial district in bad commercial real estate loan defaults.
6. The tsunami of bad loans by GE Capitol that will bury GE.
7. The continued closings of small and medium businesses and their loan defaults on the banks.
8. Whatever happened to Fannie Mae and Freddie Mac - still in big trouble as unemployment increases.
9. OH, is AIG out of trouble yet?? I think not and either are all the major insurance companies.
10. Uncle Obama is printing money faster than I can count to 8 Trillion.
11. Our consumer nation is not consuming anything.
12. What happened to the auto industry? There goes another 200,000 jobs and all the collateral that goes with it!!!!! Any real shock on the markets??
13. Our government is outright lying to us about our economy and will surely do so with the lack of STRESS TESTS. Do BAC and C need $10 Billion or $70 billion?? With all the cover up accounting and lack of information do you and I really know??? I figure they must be if they let the banks look good so we don't panic!!
14. House sales are up 3%, OH BOY! But these are not the sales of new homes. If you are a first time buyer, there is no way that these people have 20% down to buy a house. If you would like to move up, unfortunately you can't sell your house to do that. So what is the big deal with a 3% increase in home sales? Additionally, most of the big home builders used the Chinese drywall from 2005 to the present. Imagine the 10's of thousands of class action law suites that will put these companies into bankruptucy over the drywall!!!! Imagine if people walk away from their houses and just let the banks have the Chinese drywally houses if there is no other recourse!! WOW WHAT A GREAT HOUSING MARKET!!!
15. LESS BAD IS GREAT. I want whatever the market morons are smoking to understand how things are so great now.
No offense folks, if only a few of these things make any sense, we are in for some major trouble. The Fed. cannot print enough money to save us. All cannot be as rosy as they would like us to believe.
Book Review: Jeff Immelt and the New GE Way, by David Magee [View article]
Credit payment were down 20% for the first quarter, just wait till the 2nd and 3rd quarters. GE will look like the banks!!!
Jack Welch will go from champ to chump for building this ticking time bomb.
Long Term Treasury Yields Likely to Rise, Pressuring Dollar Lower [View article]