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bbro

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  • Are We in a Banking Depression Without Knowing It? [View article]
    1.4 trillion in mortgage outstandings in private label securiztaions
    for 1 to 4 residential mortgages

    www.federalreserve.gov...
    Oct 2, 2010. 11:36 AM | Likes Like |Link to Comment
  • Are We in a Banking Depression Without Knowing It? [View article]
    I am not a big conspracy theorist but it seems there are a lot of
    Seeking Alpha commenters that have preordained views with regard to loans,
    foreclosures etc. All i am saying is do some homework...research Fed
    mortgage statistics,Realytrac foreclosures,Corelogic data,10-q's
    ( lots of 10q's and that usually loses the audience because it is very
    tedious)...it is the only way i know to get to truth....Mr. Middleton has
    an agenda...always has....it's his bread and butter and contributes to the groupthink....
    Oct 2, 2010. 11:28 AM | 4 Likes Like |Link to Comment
  • Are We in a Banking Depression Without Knowing It? [View article]
    I don't know that particular number but i do know ( CoreLogic Data)
    that therea are 350,000 mortgages with negative equity....

    www.corelogic.com/Abou...
    Oct 2, 2010. 11:20 AM | 2 Likes Like |Link to Comment
  • Are We in a Banking Depression Without Knowing It? [View article]
    "Realizing that cash flow is the objective of extend and pretend"

    I am sorry by your comment are you saying a loan that is current
    is irrelevant to valuation. Is the market value of my mortgage based
    on home prices or on the interest payments? Did you know there are
    over 10.5 trillion and of that bunch 1.4 trillion private label securitizations ( There is your funky stuff). This number was 2.1 trillion
    3 years ago....
    Oct 2, 2010. 11:18 AM | Likes Like |Link to Comment
  • Are We in a Banking Depression Without Knowing It? [View article]
    Really puzzled...

    6% of 41 billion is 2.5 billion....you use equity to assets ratio....this
    particular bank has well over 120 billion in tangible common equity...
    I guess by using a 6% number in one sentence and an 8% in another
    you make it look like the bank is bankrupt....oh well...
    Oct 2, 2010. 11:13 AM | Likes Like |Link to Comment
  • Are We in a Banking Depression Without Knowing It? [View article]
    Perspective....there 1,541,000 mortgages in Chicago.....28,000
    foreclosed homes...
    Oct 2, 2010. 09:34 AM | 3 Likes Like |Link to Comment
  • Are We in a Banking Depression Without Knowing It? [View article]
    Riddle me this Batman...

    there is a bank that has residential mortgages that has 41 billion residential mortgages with a cumulative loan to value over 100%
    BUT....36 billion of these mortgages are up to date on their
    mortgages.....for all you mark to market gurus....what is the market???
    what is the bid and what is the ask for these loans???

    Is the cash flow worth nothing???
    Oct 2, 2010. 06:47 AM | 2 Likes Like |Link to Comment
  • Another day, another robo-signing fiasco: A Bank of America (BAC) official admits she signed up to 8,000 foreclosure documents a month and typically didn't read them. Zero Hedge wonders if Wells Fargo's (WFC) move to curtail extensions on residential short sales is a "last-ditch attempt to accelerate the foreclosure process" before it joins BofA, JPM and GMAC in the spotlight.  [View news story]
    Interesting you say that.....the systems were never built to handle this
    kind of volumne....they are hiring a lot of people in that category BUT
    this is only going to last for a couple of years...
    Oct 2, 2010. 05:12 AM | Likes Like |Link to Comment
  • More 'Good' Pre-Election Economic News [View article]
    I agree with you about ISM being a worse number than presented...but
    Government conspiracy theories???

    Too much grassy knoll...
    Oct 1, 2010. 01:55 PM | 1 Like Like |Link to Comment
  • How to Beat Index Funds by More Than 10% Per Year [View article]
    It says you ar long SPY...i take that to mean there was an inflow of
    funds for September so you are long October???
    Oct 1, 2010. 01:32 PM | Likes Like |Link to Comment
  • U.S. ISM Manufacturing: Low but Still Expanding [View article]
    What bothers me most is the new orders minus inventories differential....
    Oct 1, 2010. 12:02 PM | Likes Like |Link to Comment
  • Chinese Premier Wen Jiabao will "send a clear signal to the world that China has made a vote of confidence in Greece's economic prospects" during his weekend visit, China's ambassador to Greece said this morning. The trip shows China "is taking practical actions to support Greece, the euro and the EU," he said.  [View news story]
    China has so much foreign exchange reserves they could clear up
    Greece's ,Portgugal's Ireland's shortages today....

    China... As of the end of June 2010, the reserve holds $2.4543 trillion, making it the highest foreign exchange reserve in the world and far exceeded holdings of the next largest holder...Japan...

    Total sovereign debt of Greece,Portugal and Ireland is 722 billion....
    Oct 1, 2010. 11:59 AM | 1 Like Like |Link to Comment
  • Sep. ISM Manufacturing Index: 54.4 vs. 54 consensus and 56.3 prior. Prices index 70.5 vs. 61.5 prior. Employment 56.5 vs. 60.4. Inventories 55.6 vs. 51.4. New orders 51.1 vs. 53.1.  [View news story]
    Since the S&P 500 correlates closer to Global GDP than US GDP..
    a 1 to 2% real GDP with a 4 to 4.5% Global GDP would be favorable
    for equities....there are a lot of moving parts....
    Oct 1, 2010. 11:23 AM | 1 Like Like |Link to Comment
  • Sep. ISM Manufacturing Index: 54.4 vs. 54 consensus and 56.3 prior. Prices index 70.5 vs. 61.5 prior. Employment 56.5 vs. 60.4. Inventories 55.6 vs. 51.4. New orders 51.1 vs. 53.1.  [View news story]
    Optimistic by nature..and there is still hope.....but never marry a forecast....
    Oct 1, 2010. 10:49 AM | 2 Likes Like |Link to Comment
  • Sep. ISM Manufacturing Index: 54.4 vs. 54 consensus and 56.3 prior. Prices index 70.5 vs. 61.5 prior. Employment 56.5 vs. 60.4. Inventories 55.6 vs. 51.4. New orders 51.1 vs. 53.1.  [View news story]
    The 12 month moving average of Orders minus inventories is now 11.7...this is moving down fast....7.5 is an early warning...if
    we continue on this route we could see weakness next year...
    Oct 1, 2010. 10:25 AM | 1 Like Like |Link to Comment
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