Madacasto

How Do Banks Look?

EARNINGS

Can Citigroup Flail Its Way to Solvency?

why not charge 29% to those dumb enough to pay it? Hot dog vendors sell heart attacks in a bun and nobody's condemning them. Those credit cards are financial gut busters. At least the "buyers" of the credit cards get the details in fine print, or notice of the rate hikes. If they don't like it - pay it off and stop borrowing.


On Dec 17 09:13 AM john s. gordon wrote:

> citi will retain solvency as long as the law continues to permit
> them to charge 29% on their credit cards/
> loan sharks.

Chart of the Day: The Big Banks Get Bigger

That chart is likely a mirror inverse of the GDP as a function of the national debt. We have been progressively becoming a nation of non-producers ever since the peak following the industrial revolution. It's why terrorists targeted our financial center first and foremost. This banking oriented economy we're immersed in is a truth, not a theory, as those who gripe about the "too big to fail" mantra should realize. It's where we are, not where we are heading. I liken this attitude to those who use the phrase "what would Jesus do", when Jesus wouldn't do most of what any of us engage in for 99% of our lives. Idealism at its finest.

In Defense of Meredith Whitney

shouldn't this post be dated May 18???


On Nov 18 11:59 AM Djvu wrote:

> haha to all the bulls on S&P 500 who expect another +20% upside
> from here.
> " Ignorance is Bliss".

Whitney Gets Bearish: Will She Be Right Again?

Not sure about that....recent filing indicated he dumped BAC and JPM entirely in 3Q 2009.


On Nov 17 07:32 PM 4leafclover wrote:

> Paulson & Co., the hedge fund firm run by billionaire John Paulson,
> expects Bank of America Corp.’s stock to almost double in the next
> two years.

In Defense of Meredith Whitney

Meredith is assuming the the market is rational. Yes, Meredith. I'll call her whatever I want.

Citigroup Looks Overpriced

Yahoo???? Ya-what you talkin' bout Willace?

Citigroup: Priced to Succeed

The next big shoe to drop is the abolishment of overused financial cliches, like "the next big shoe to drop".


On Aug 09 02:45 AM Anthony Alfidi wrote:

> Citigroup: Priced to FAIL. What's their exposure to commercial mortgages?
> That's the next big shoe to drop, and woe to anyone close to where
> it falls.

Another Citigroup Scandal: Business as Usual for Wall Street

The real crime is the fact that these banks (not just Citigroup, just about all publicly traded banks on the planet) were acting within the bounds of the law. Fraud is an inherently illegal act. Why are CEO's not being paraded in shackles??? Because voted and appointed officials permitted what these companies were doing. The banks did not commit fraud and your use of the term is inaccurate. You might as well scream at the hot dog vendor for selling what you consider an unhealthy food item. It's a simple fact. No need for the academic explanation, thank you.

Citigroup Can't Keep Phibro

This is akin to telling Ford to get rid of truck sales. Phibro is a profitable unit and the executive pay is commensurate with their production. This concept is counterintuitive. That group is said to account for as much as 10% of Citigroup net income. Declaring all executive payments and bonuses as bogus is not the answer. My prediction is that Citigroup will maintain this unit and will pay them accordingly, as well they should.