sleepless_on_wall_street

A Tale of Two Banking Worlds

Does anyone want to offer some analysis (or even opinion) about why I should consider buying C? I have read some commentary the past couple of weeks recommending C as good investment, but I didn't bookmark anything so I don't where these comments might have been. I don't understand how a bank that appears to be undercapitalized (if you believe the stress tests) and is losing many billions quarter after quarter from operations can have any prospects other than selling off assets until it goes out of business.

Anybody want to enlighten me?

Goldman Sachs: Not So Confident After All?

Agree with what the commenters had to say, but the author points out that the most recent year saw much above the normal stock sales by insiders. Was that just a coincidence?

Turning Japanese: The Audacity of Reality (Part 3 of 3)

James Quinn,

As usual, an excellent article filled with relevant data.

I would pick one factor as most important for the Japanese malaise: failure to clean out insolvent banks. Those banks sucked up monetary liquidity for over a decade and the after effects still persist today. This Japanese failure was widely criticized by economists and U.S. government officials throughout the 90's. With some of the same economic policy makers returned to Washington with Obama, we will not make the same mistake, right? So far, wrong, wrong, wrong. Paulsen and company started a process to "save the financial system" by saving the banks. Obama's team seems committed to following the same path.

STOP!!!!!

We can not save the forest by saving the dead trees. These are just fuel for the forest fire that will destroy the entire forest. CLEAN OUT THE DEADWOOD!!!!

I fear a problem is that the policy makers confuse saving their friends at C, BAC, AIG, etc. with saving the U.S.A.

Mr. Quinn, you are doing a great job. Thanks.