andruomail

Nine U.S. Bank Stocks for Right Now

I think he was being sarcastic & implying timeshares are in the same bad category as Detroit & N. Korea...


On Nov 06 12:41 PM Simi wrote:

> i would be interested to know- why timeshares? i have been looking
> at those recently too.... would be great to get your input. thanks
>

The Stress Test's Biggest Loser: GMAC

Don't forget all insurance companies and manufacturers that offer warranties, casinos, etc. They are all insolvent too!

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

A classic description from an odd point of view!


On Apr 30 09:18 PM danf wrote:

> Lots on sensitive feelings on display about calling our president
> names. He is however just a man and not particualarly crucial to
> the survival of our society. I recall much worse names being hurled
> at Bush 1 and 2. And I clearly remember the glee of the media in
> showing the shoe being thrown at the president. I personally refer
> to the president as Princess Obama.
>
> The unfortunate thing is that the consequences of whatever Ob does
> now wont show up for 5 or 7 years. So OB will take credit for the
> recovery that would come along naturally and will be out of office
> when the consequences of what he does now manifest themselves in
> the future.
>
> My own take is that the article is spot on. The unions are the favored
> constiuency of the government. It would be better for the economy
> if chrysler were liquidated rather than have the company run for
> the benefit of the UAW and the administration. Such a liquidation
> might inject some reality into the greater economy.
>
> When the means of production are nominally in private hands, but
> the enterprise is run to benefit the interests of the state - we
> have a classic description of National Socialism in Germany 1933
> - 45

Big Banks: Pulling Off the Ultimate Bait and Switch

If they have operational profits, why the rush to fix things if they really could limp through another year or two or 5 with some accounting blindness? does the impetus for all this come from the banks or Congress, or the newspapers?

Bank Bailouts and Trust Preferreds: Still Too Much Risk Here

I seem to remember reading that trust preferred was invented so that banks could include a part of them as Tier I capital on the balance sheet and also fully deduct their dividends at the same time as debt payments. It just worked out better for them on the balance sheets & tax forms that way. Trust preferreds are interests in a trust fund made up of one giant bond issued by the parent co. Normal preferreds are shareholders.

Liquidity, Solvency and Acute vs. Chronic Banking Systems

I laughed at the criticism of the baseball & sailing metaphors but don't quite understand what the banking sector would look like after the prairie fire which in ecology makes the ground more fertile. In banking who are these operators that would spring up and how would they be a big improvement over today?

The End of the Credit Crisis

Maybe they would do that, but nobody wants to sell to them for 100K. It's just a bid out there for people that have no choice but to sell.


On Feb 27 02:26 PM who wrote:

> I'm no tax expert but a bit lost....
>
> buyers will only pay 100k for bad $500k loan which is worth $300K...
>
>
> but willing to pay $300K for a good $300K loan...
>
> Ignoring tax benefits, why would the buyer not pay $100k for bad
> $500K loan and writedown the $200K. Hence get a good $300k loan
> for $100K and make 200% profit? Why not write down the loan to
> $200K - super save - and make 100% profit?
>
> Isn't this the crux of stumbling block, banks are not willing to
> sell their loans for the fraction of what they paid for it nor reduce
> the principle? The $500K loan has a good part (repayable without
> foreclosure) so why is it worth only $100K unless that is what the
> expected repayment is.
>
>
>