NWA10000

Latin America's Best Banks

What about FirstBank of Puerto Rico?

The Black Swan of Savings in the U.S.

Just in time for what, Filonov?Your imaginary loss if you kept it at WaMu? Good thinking, Filonov, if you hadn't taken it out of WaMu it'd be at Chase! And then what? Jamie Dimon would get to play with it! Why not keep it in a mattress rather than a safe? Credit Unions are better...where do you think they keep their money?

On Jun 27 10:58 AM ebworthen wrote:

> The savings rate jump could simply be taking money out of the market
> and putting it in the bank.
>
> The S.O.B.'s on Wall Street were playing with our money at the craps
> table and lost, then we and our children were taxed to save their
> sorry rear ends, so why give them any more chips to party with? Really
> now.
>
> I had my cash in a safe from October through March, got it out of
> WaMu just in time. Jamie Dimon isn't going to get to play with it,
> moved it to the local credit union.
>
> I think it is unethical to put money into banks or stocks in general
> at this point. I hope the whole thing collapses a la 1932 and some
> of the greedy unethical b-tards jump so we can get back to having
> a reason to invest in America and not feel like pack mules.

Dr. Doom Responds on Wells Fargo

Mr. Roubini is backpedaling. He trys to defend his reference to Wells as a "zombie bank" by his "models" and "averages" about banks in general.
What has that got to do with Wells or the actual balance sheet of any specific institution? By that reasoning, all banks could be called zombie banks The models are part of the problem!

Should We Really Nationalize Banks - Or Privatize Congress?

Congress already has been privatized in Illinois, where Governor Blagojevich called for the appointment of a U.S. Senate seat to
the highest bidder.
Amazing what a friend of free market economics he has turned out to
be!
And look at New York...that story has yet to be told.

Carl Icahn Says Capitalism Should Return to Its Roots

Icahn is right. The proxies are like the Soviet-or other dictatorships' elections: you can vote for the nominee or no one.

Look at the bunch of frat boys running certain financial institutions. Not numbers guys-just happened to be in the right place at the right time, like Ken Thompson, Charles Prince and others like them. And too arrogant to
delegate to someone who could do the job. Or Richard Fuld, trading sub-prime but no big picture. All with inflated egos.
CEOs are the help who don't know their place. You work for the shareholders but think you rule by divine right.

Taleb vs Merton, Cont.

What is Merton's theoretical defense of Long Term Capital?

How Oil and Gas Prices Fare in Dollar vs. Euro Terms

Priced in gold the increase in oil prices is even less.
The media doesn't bother to mention this.

Citi Needs More Than an Executive Shuffle to Really Fix Things

Breakup is right! How much does Citi have in counterparty risk with Lehman + AIG? They need coppetent management for their Global
Bank and for retail, someone with experience who realizes that banking
is relationships, not branches with just ATMs and no human contact.