ironpants

Break Up the Big Banks

Ahem, ahem, BAC just raised almost 14 billion.

I think this whole issue is overblown.

Bank of America: Overstating Assets by 85%?

The days of bank shorting are over.

What don't you get about that?

Why the U.S. Prefers Quasi-Nationalization of Big Banks

In reality, the gov't wants more discipline and control over banks.

Only shorts say the gov't would like to 'nationalize' the banks.

Summers, Geithner and others have stated repeatedly that they don't want the gov't to try to run (i.e. 'nationalize') the banks.

What's your positions in the aforementioned securities?

Let's Hurt the American Financial Services Industry

Yes, one can easily see there was alot of brains behind this debacle.

Three Card Monte and the Feigned Outrage Against AIG

"But, if firms and hedge funds that are being celebrated as financial heroes because they “shorted” sub-prime mortgages by buying swaps and drove premiums upward for collection without actually owning any of the original risk through debt issuance, how is that legitimate?"

Excellent point.

Einhorn to jail, now!

Bankrupting Leverage: Is the U.S. a Zombie Nation?

You cavalierly suggest that we can unilaterally let these institutions go bankrupt.

These stocks suffer low valuations due to mark-to-market eggheaded idiocy and gross stock manipulation.

We don't have the above option unless we'd enjoy a near financial dark ages around the world and the spectre of war with, say, China.

Understand the full implications of what you promulgate.

It's all well and good to try mental experiments, but be grounded in reality, please.

Why Doesn't Insolvency Equal Bankruptcy?

The whole Mark-to-Market and nationalization issues are nothing more than tools for the shorts to gain assets, plain and simple.

That the SEC doesn't remedy this is, sadly, not a surprise.

Why the Market Wants Banks Nationalized

The only folks who want nationalization are short-sellers and those who have sold CDS and have a vested interest in the failure of our ENTIRE SYSTEM for their gain.
When the hell is the SEC going to wake up?
The government can't be THAT corrupt, or can it....?

SEC Exploring Remedies for Short-Selling Manipulation

And this idiot says the market was made unstable bay banning shorts.

business.theage.com.au...

Maybe a nice orderly drop to zero is what these morons really want.

Jim Rogers: It's Better To Let Financials Fail

Oh yes, I forgot.
Let's also prepare for war while we're at it as I don't think other nations will appreciate a unilateral decision on our part to cancel out their investments in our banks.

Jim Rogers: It's Better To Let Financials Fail

Yes, lets just have total destruction of the country and its financials so a handful of treasonous short-sellers can enjoy a nice life.

Bank Nationalization and the TARP

You're right but the shrill cries of the shortsellers and CNBC will opine that the banks need to be nationalized (to maximize their puts).

Fixing the Economic Crisis in Six Easy Steps

Pt 1 - how original.

Want to fix the mess?...

From Motley Fool:

Specific Changes Needed to Fix the Financial Markets and the Economy

The following policy and regulatory changes that Christopher Cox, the SEC, and other regulatory agencies made and implemented from 2004 through 2007 need to be reversed after January 20th, 2009 or immediately. These policy and regulatory changes have destroyed the integrity and reliability of and confidence in our financial markets. The money sitting on the sidelines (approximately $13 trillion) in Money Market and Cash Accounts will not be re-invested back into the markets until these changes have been reversed and the proposed changes below implemented. I am recommending that all of the following policy and regulatory changes be made and implemented immediately by the new Administration:

1. The "Uptick Rule" on all securities (i.e., equities, ETFs, options, futures, and commodities) needs to be reinstated and implemented on all domestic and global exchanges and financial markets. Without the “Uptick Rule” in place, it creates an unfair and imbalanced playing field that favors the short sellers. This gives short sellers the ability to drive stock prices down to nothing. The exchanges are just as guilty and responsible for this problem as all others. The markets/exchanges were not meant to be casinos. New laws, oversight, regulation, and technology needs to be implemented and changed in order to solve these serious problems and abuses and restore integrity and order back to the markets. Get the "Uptick Rule" back in place and the markets will stop crashing. This one item is destroying good, healthy corporations.

2. The new SEC Chairwoman, Mary Schapiro needs to dump or get rid of the Mark-to-market accounting rule now. At the worst possible moment we as a nation chose to alter the way financial assets were evaluated -- through something called FAS 157. We required financial institutions to mark holdings to forced trades in illiquid assets -- mark-to-market accounting. The most powerful critic of this approach was William Isaac, the former head of the FDIC. His viewpoint is that the entire financial crisis -- the destruction of major financial firms, the huge bailouts, the destruction of retirement accounts, and the socialization of private companies -- all could have been avoided with a more measured approach to the needed reduction in leverage. This rule could have been changed by Christopher Cox, Hank Paulson, Ben Bernanke, or even by the president.

3. The SEC under Christopher Cox’s tenure and the exchanges relaxed the dynamic circuit breaker thresholds on all major securities, options, and futures exchanges to levels that are too high and therefore ineffective under current market conditions and volatility levels. The current three dynamic circuit breaker thresholds of Level One (10%), Level Two (20%), and Level Three (30%) should be reversed and reset back to the previous circuit breaker thresholds of Level One (2.5%), Level Two (5%), and Level Three (10%) for all exchanges and markets.

4. All ETFs should have the same SEC/FINRA/CFTC/NYSE/NA... reporting, filing, and regulatory requirements as Mutual Funds. ETFs will need to comply with all of the Rules and Regulations of the Investment Company Act(s) of 1933, 1940, and all their later amendments.

5. All ETFs should be converted back to Closed-End Funds. This means that you can no longer buy/sell/write options, derivatives, and/or short sales on ETFs.

6. All Ultra Short ETFs should be abolished or banned. These products do not perform as specified and their claims are fraudulent. They promote negative price fluctuations and volatility on the underlying securities and indices and perpetuate a disorderly and unreliable marketplace.

Why Nationalize in 2016?

Your SHORTS are showing.
BAC looking good today, sorry.

Bank Nationalization: The Bigger Picture

Soros, Einhorn, Whitney, CNBC should be ashamed...

SEC?